WK Corporate Finance ("WKCF") has advised BGF (“BGF”) on its £2.4m investment into bf1systems ("BF1").
WKCF undertook Financial & Tax Due Diligence on behalf of BGF.
Founded in 1994, bf1systems designs, manufactures and distributes high precision components, including steering wheels, tyre pressure and temperature monitoring systems, force measurement components and wiring harness assemblies. Based in Diss, Norfolk, bf1systems’ components are used in every major motorsport series around the world, including Formula 1TM, GT racing and Formula E, as well as by performance road cars, with a client list that includes Bugatti, Ferrari, Porsche, Aston Martin and McLaren.
The business employs more than 100 people at its manufacturing hub in Norfolk. It also has a facility in Romania which was established in 2017 to support and expand its wiring harness production.
The minority investment from BGF will support bf1systems’ long-term growth strategy, including the expansion of its product offering and development of new partnerships.