Benchmark International is pleased to announce that Derbyshire-based Woodall Group has secured a £4.25m investment from BGF.
Woodall Group, the owner of Woodall Homes, is an independent housebuilder, specialising in mid-market homes and providing a turnkey service from identifying brownfield sites, securing purchase options, and applying for planning permission, through to construction and fit-out.
BGF is the most active growth investor in the world, providing growth capital for small and medium-sized enterprises in the United Kingdom and Ireland, making initial investments between £1m and £15m. It has 16 offices across the UK and Ireland including London, Edinburgh, Belfast, and Dublin.
Known for its strong emphasis on premium finishes, build quality and a housing design that complements local surroundings, with sustainability embedded in the construction process, the funding will support Woodall Group deliver more high-quality properties and create further job opportunities.
Dave Wood, founder and managing director, remains the majority shareholder in the business and will lead its next stage of growth.
Following an introduction by BGF, Woodall Group has appointed Derek Mapp, founder of Tom Cobleigh and chair of Mitie plc, as non-executive chair.
Aaron Baker and Olly Cutting led BGF’s investment, and Baker will join the board.
Commenting on the transaction, Mr Wood said: “After a decade of building an established and reputable business, we are now looking ahead to the next stage of our growth. BGF’s investment will allow us to accelerate our land bank and development activity to meet the immediate and longer-term demand for quality housing on attractive developments.
“We explored several different options for the business, and it was important to find a funding partner aligned with our goals. BGF understood our ambitions from day one. We have got to know the team well over the past few months and are looking forward to moving forward with their backing.”
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.