BGF has completed the sale of its stake in Monodraught, a British green tech specialist, to Genuit Group plc for £55.6m with the exit generating an 11x multiple of money invested (MM) and a 37.5% internal rate of return (IRR) – one of the highest returns achieved by BGF.
Monodraught, headquartered in High Wycombe, designs, manufactures and installs low-energy, low-carbon ventilation systems and sustainable technologies for the built environment. Since BGF’s initial investment in 2017, the business has grown significantly, increasing profitability sevenfold and expanding its workforce to 95 employees.
During BGF’s ownership, Monodraught broadened its commercial offering, consolidated its presence in the education sector, and expanded into new markets. The partnership also supported product innovation, ESG integration, and the appointment of Ewan Wilson as Non-Executive Chair.
The deal was led for BGF by Partner Jon Earl, with Investors Daria Polunina and Sam Giurani. The original investment was led by Mark Nunny.
The Monodraught exit follows a series of recent BGF realisations, including Brisant Secure, Braidwater, Panthera Biopartners and OrganOx, highlighting the strength of its partnership-led growth strategy. BGF has recently committed £3bn to invest in UK businesses over the next five years, targeting high-potential companies with initial investments ranging from £3m to £30m.
