Patrick joined BGF in March 2012 and is based in Edinburgh. Patrick covers the central belt of Scotland and Northern Ireland, where he identifies and invests in growing businesses.
Patrick has 11 years’ investing experience and has led investments into over 30 businesses. His experience was initially gained at Sigma Capital Group, where he was investment director focused on providing development capital into the general tech and clean tech sectors across the UK and Europe. In a number of cases, Patrick also joined the board of the companies. Patrick began his career at Deloitte & Touche, working in the financial services team as well as the corporate finance department specialising in SMEs.
Patrick has an honours degree in Law from Edinburgh University and is a qualified Chartered Accountant. He is married with one child and lives in Edinburgh.
“My role at BGF gives me a fantastic platform to meet and interact with a vast array of entrepreneurs and business people. It is immensely rewarding to have the opportunity to work with these individuals, and the wider management teams, to create further value in their businesses.”
- Braidwater (Board Director)
- Stevenswood (Board Director)
- Jumpstart (Board Director)
- Duncan and Todd (Board Director)
- AFG Media
- M Squared Lasers (Board Director)
- Campion Homes (Board Director)
Morphcostumes is the fancy dress and party fashion company behind the Morphsuits phenomenon and was founded in 2009 by Edinburgh University graduates Gregor Lawson and brothers Fraser and Ali Smeaton, who gave up their day jobs to sell all-in-one skin-tight costumes that they branded Morphsuits, after witnessing the dramatic reaction generated at a fancy dress party.
In June 2012 BGF invested £4.2 million in AFG Media (subsequently renamed as Morphcostumes) to enable the company to bring new product lines to market; to expand the potential for existing products (such as the development of Morphsuits for children and investments in licenced products such as Power Rangers and Spiderman); and to develop its supply chain. In 2013 the company acquired Digital Dudz, which brings multi-media interactivity to its product range.
With backgrounds in sales and marketing, the team recognised the potential of the product and developed a distinctively branded all-in-one spandex suit that enables the wearer to see others, whilst remaining anonymous and therefore morphing into a more fun and outgoing version of themselves.
The global market for retail party goods is estimated by operators within the industry as being worth $10 billion per annum, while the Halloween market alone is valued at $6 billion. Morphcostumes is expanding into broader costume ranges as it looks to capture a larger share of the fancy dress market and now retails party wear and a brand of highly patterned and colourful golf clothing under the name Royal & Awesome.
In addition to funding, BGF contributes guidance and operational support to the company and introduced Ralph Kugler as Chairman. Ralph has been a main board director at a number of global companies including InterContinental Hotels plc and Unilever plc. He is an advisor on the board of Mars Incorporated and Chairman of the board remuneration committee; Chairman of Cognita Limited, the global schools group; and Chair of the International Advisory Board of Leeds University Business School.