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15 April 2019

Charles Russell Speechlys advises BGF on investment in BB7’s fire security service

Charles Russell Speechlys has advised long-standing client BGF, the UK and Ireland’s most active investor in growing businesses, on its investment in BB7 Fire, a niche fire safety and security consultancy. BB7 has utilised the capital raised from BGF to implement its buy-and-build strategy, simultaneously acquiring Omega Fire, a Manchester-based specialist fire consultancy, which will broaden its geographic reach and service offering to customers.

BB7, founded in 2009 by Ben Bradford, has eight offices nationwide and employees over 60 expert advisors. The business offers three core client services, fire engineering (fire strategies to the commercial-build market), fire risk management (compliance-driven risk assessments on existing buildings) and security consultancy (risk mitigation advisory services). Omega Fire is headquartered in Manchester and provides fire engineering, computational modelling and fire risk management services through a team of qualified engineers. It is a fast-growing and highly profitable specialist in its sector.

Rahul Satsangi, an investor at BGF, said: “Ben and BB7 are well-regarded as industry-leading experts on fire safety, with a high level of repeat clients thanks to their service quality and deep understanding of the complex regulatory environment. We’re delighted to support the team address the attractive market opportunity. The enlarged group will benefit from a stronger national presence, an ability to offer clients a wider range of relevant services and a strengthened operational team”.

Speaking about Charles Russell Speechlys, Rahul Satsangi further stated that: “This was a complex deal with several moving parts. The Charles Russell Speechlys team were thorough, diligent and their support was crucial in getting the transaction over the line”.

Corporate Associate Nicola Baird, who led the team, commented on the deal “we’re delighted to have advised our long-standing client BGF on its investment in BB7, which will support BB7’s longer-term growth strategy, providing the capital and experienced resource to accelerate its exciting growth plans for the future.”

The Charles Russell Speechlys team was led by Corporate Associate Nicola Baird and Corporate Partner and Head of Private Equity, Malcolm MacDougall and comprised Corporate Associate Dafni Loizou, Chris Ingram and Freddie Law (Commercial), Emilie Bennetts (Employment), Will Harwood and Kyle Sethi (Real Estate and Construction), Helen Coward and Brett Rawlings (Tax), Manoj Vaghela and Anna Smart (Insurance) and Cara Fulker and Daniel Sullivan (Banking).

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