FIVE YEARS SUPPORTING BRISTOL BUSINESSES September 2021
Members of Bristol Private Equity Club (BPEC) celebrated five years of supporting business growth in the city with a party overlooking the Clifton Suspension Bridge.
Entrepreneurs who have invested £10 million into fast growing businesses and some of those who have received funding celebrated at the Avon Gorge by Hotel du Vin in an event that had been delayed due to the Covid-19 pandemic.
The party had an extra swing as a few hours before a deal was completed that saw Auroch Digital, which club members backed three years ago with investment funds, sold for £6 million to Sumo Group plc, marking a successful and profitable exit from the project.
Within 24 hours BPEC was also highly commended in the South West Dealmakers Awards in a category for venture capitalists and private equity.
Club founder Jerry Barnes said: “Even in the last difficult year our members have invested £3 million in 14 deals with local businesses that are at the forefront of healthcare and app development, across many sectors.
“It was great to get so many people together once again and celebrate what has been achieved in creating wealth, jobs and business in Bristol. To be part of a life-changing deal for Auroch, who as videogame developers are in a fast-growing sector, is also very satisfying.”
Bristol Private Equity Club has over 100 successful local business people as members. They invest in South West businesses to enable them to grow.
CELEBRATIONS AT AUROCH DEAL September 2021
Members of Bristol Private Equity Club are celebrating after a videogame developer and publisher backed in its early days has successfully sold for a minimum of £6 million.
Established entrepreneurs who are members of BPEC, saw the potential of Auroch Digital, which was founded by Tomas and Debbie Rawlings in Bristol in 2010. They invested £200,000 into the business three years ago to help fund new original IP (Intellectual Property) games.
Auroch Digital has now been acquired by Sheffield-based Sumo Group plc, who were attracted by the world-leading work in Bristol.
Jerry Barnes, founder of Bristol Private Equity Club said: “We backed a very small company, enabling it to grow from 15 people to 48 and now that backing has come to fruition.
“It is a life-changing moment for the founders and also sees the Club members that backed them receive at least four times return on their investment. Depending on future performance there could be up to ten times return.
“Our investments are almost always with businesses at the forefront of technology and development. Game development has emerged from relatively humble beginnings to become a major worldwide growth industry. We saw the potential of Auroch Digital early on and our members backed it.
“It has proved a fantastic return for our investors. BPEC has invested £10 million in the last five years into South West growth businesses.”
Dr. Tomas Rawlings, founder and studio director of Auroch Digital, said: “We are delighted at the backing we had from Bristol Private Equity Club members when we really needed funds to build the business.
“This deal is a life-changing moment for us and the next step on our business journey. To receive backing from well-established Bristol-based entrepreneurs gave us the boost we needed to get us to the success we are celebrating today.”
Further details of Bristol Private Equity Club can be found at www.bristolprivateequityclub.com