British Growth Fund has made its first investment in a publicly listed company, investing $16.2m in carpet and floor covering company Victoria, which will enable the company to acquire Abingdon Flooring.
British Growth Fund (BGF), the bank-backed fund focused on helping British businesses, has invested £10m ($16.2m) in carpet manufacturer and distributor Victoria.
Victoria designs, manufactures and distributes carpets and other floor coverings, and will use the funds to support it’s growth strategy. It will also enable the company to acquire carpet manufacturer Abingdon Flooring for $12.4m.
Geoff Wilding, executive chairman of Victoria, said: “We are delighted that the Company has acquired Abingdon with the support of BGF. The acquisition of Abingdon…
