A family business has launched a new £ 100million fund to invest in businesses in the West Midlands.
The Oldbury-based Richardson Group has unveiled plans for the Richardson Enterprise Fund, which caters to established businesses in all industries that require capital for their growth.
Investments between £ 2-10million can be minority or majority positions, alongside existing management teams, founders or owners looking to grow and grow businesses.
This new initiative will be led by Paul Faulkner who has just joined the group as chief of staff and operations after spending nearly six years as Managing Director of Greater Birmingham Chambers Trade.
The fund will be managed through Richardson Capital.
The Birmingham Post Business Awards are back for 2021 and now open to entries here. The event will be held online only on Tuesday June 15 and will celebrate businesses and individuals in 12 categories, including our Global Business of the Year and a special covid award.
The deadline for entering prices is Monday April 19 and sponsorship opportunities are also available. Please email [email protected] for more details and follow the hashtag #BPBAwards for social media updates.
The ceremony will be organized on our new virtual events platform The awards room which gives nominees and sponsors the chance to experience real-time networking and hear from speakers.
All of your participants will be placed together on your own table and you can invite people outside your group to join you during the event.
Your table will also have a private chat, allowing you to communicate with your colleagues during the rewards. For more information on our Business Awards and other events, please visit www.reachplcevents.com.
The family is renowned for their work in real estate development, having spearheaded the creation of the Merry Hill Center in the 1980s, but are now active in growth capital investments with interests in businesses both nationally and in the world.
Carl Richardson, who runs the business alongside brothers Martyn and Lee, said: “Our family is very proud of our roots in the West Midlands.
“As our business interests now extend across the globe and include significant private investment in growth capital alongside our property development work, our head office has always remained in the heart of the UK.
“As a family business, we have extensive experience in various industries and in a multitude of different structures, the common thread being that we seek to work with great people.
“Our hope with this fund is to align our experience, ambition and passion for the region with like-minded companies that are in the market for patient capital, meaningful strategic advice and access to our network.”
Mr. Faulkner added: “I am extremely excited about the launch of this fund.
“During my years at the helm of the chamber and interacting with thousands of brilliant companies across the region, I am well aware of the breadth of ambition and motivation that exists within so many of these companies. , as well as their desire to grow and develop.
“While the covid pandemic could have temporarily halted the economic renaissance that was so evident in the West Midlands in recent years, we expect the region to make a strong recovery.
“Our intention is to build on the activity we are already undertaking.”