Dan joined BGF in November 2014 as part of the investment team in Bristol. Dan is responsible for identifying and executing investments across the South West and South Wales.
Prior to joining BGF Dan spent four years in the Deloitte Corporate Finance team, advising on disposals, acquisitions, capital raising and strategic options for private equity houses, corporate clients, entrepreneurs and management teams
He is a qualified Corporate Financier and holds a first class honours degree in Economics, Banking & Finance from Cardiff University.
Dan has completed five investments in his time at BGF and is a board observer on three investments, including Trunki.
In his spare time Dan captains his local cricket team and enjoys golf, football and skiing.
BVG Airflo Group, a multi-channel retailer based in Wales, received a £10m investment from BGF in July 2015.
Established in 1991 by Chief Executive Iain Burgess, the business has grown rapidly from a single person operation to a highly profitable non-high street multi-channel retailer generating turnover in the region of £70m in its current financial year. BVG has increased revenues by over 70% and profits by nearly 300% in the last five years through a combination of organic growth and acquisitions.
The business has a substantial online focus, specialising in the sale and distribution of footwear and clothing, home and garden products, fishing tackle & equipment and sports nutrition products. BVG has a number of routes to market for its products including a highly successful e-commerce function, mail order to its database of over 1m customers and a number of high profile B2B customers.
BVG controls almost every aspect of the business in-house from artwork production and website development through to product design, sourcing, buying, fulfilment, call centre and returns. The Group’s head office is in Brecon, South Wales, and it also operates and owns a 230,000 square foot distribution centre in Skelmersdale, near Liverpool, employing over 325 staff across both sites.
This represents BGF’s second investment in Wales having backed specialist industrial scaffolding business SHS Integrated Services in September 2012. A number of BGF portfolio companies from across the UK are also establishing a presence in Wales including fast-casual Mexican restaurant chain Barburrito which recently opened a site in Cardiff and Better Bathrooms, one of the UK’s leading bathroom retailers which also opened a store in the city.
Vysiion Group, a leading UK Communications infrastructure and outsourced IT service provider received £4m of growth capital from BGF in March 2015 to support its growth strategy.
The business, formerly known as RFL Communications, used BGF’s funding to acquire Chippenham based IT Solutions 4 Business Limited and Plymouth based Zantra Technology. In doing so it strengthened the management team thereby providing the group with a significantly enhanced capability to deliver IT outsourcing solutions. The combined group employs 90 staff, predominantly in the South West of England.
Chippenham based RFL Communications provides high security communication systems and solutions, primarily to the power industry, ITS delivers IT infrastructure and IT support services, and Zantra provides consultancy and support for SMEs undertaking IT outsourcing projects. The three businesses that comprise Vysiion Group will grow their existing revenue streams but the enlarged group focuses on larger local and central government contracts, a growing market that its combined resources are ideally suited to service.
The group was founded by successful South West entrepreneur Bruce Brain. The Vysiion group’s acquisitions fulfilled Brain’s objective of creating a significant IT services provider that can take advantage of the large and rapidly growing Public and Private sector market for infrastructure and outsourced IT space. Government is proactively looking to award contracts to smaller and medium sized businesses in the UK with a view to driving the economy and obtaining better value for money.
To deliver these initiatives, the G-Cloud system was developed, allowing various public sector departments to search for approved service providers, thus simplifying the procurement process significantly and providing an even playing field for SMEs to compete. Having launched in April 2012, G-Cloud spend has grown significantly with the latest data to November 2014 showing continued monthly growth in spend, with a total £394m spent to date.
Dan Tapson joins Bristol office
In December 2014, BGF announced the appointment of Dan Tapson as an Investment Associate, based in its Bristol office. Dan’s appointment brought the South West and South Wales regional team to 10 people.
Dan’s appointment followed a busy period for BGF’s South West team in which they completed five new investments across the region in seven months – Skyscape, Intrapharm, Canburg, Ecovision and APSU. The businesses span a number of sectors including IT and technology, healthcare and manufacturing and amounted to £25m invested in local companies based in the region.
Dan joined from Deloitte in Bristol where he was an Assistant Manager in the Corporate Finance Advisory team, having joined the team in June 2011. He is a qualified Corporate Financier and holds a first class honours degree in Economics, Banking & Finance from Cardiff University.
Dan has extensive experience advising on disposals, acquisitions, capital raising and strategic options for private equity houses, corporate clients, entrepreneurs and management teams.