Business Growth Fund (BGF), a UK-focused corporate venturing fund backed by four banks, has invested £2.25m ($4m) in Aubin, a local supplier of specialist cementing and stimulation chemicals used in drilling and preparing oil and gas wells for production.

In addition to BGF’s equity investment, Bank of Scotland has provided Aubin with a £500,000 debt facility through the UK government’s Funding for Lending scheme. As with BGF’s first oil and gas sector investment in Stats Group, the company said, “this…

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