Brompton Bikes confirms £19m equity raise to fund expansion

Brompton Bikes 1

Brompton Bikes announced the sale of a £19m stake in the company to growth fund BGF as it looks to accelerate expansion to international markets. 

The deal gives BGF an 8% stake in the company, approximately equal to chief executive Will Butler-Adams’ holding and values Brompton Bikes at £180m pre-money and £200m including new funds.

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