Falkirk being fitted out
Irish chain Bob & Berts opens first Scottish outlets
Refreshing change: Colin McClean (left) and David Ferguson with BGF investor Gemma Hamilton
Bob & Berts, a coffee and food chain based in Northern Ireland, is to open its first Scottish locations in Dunfermline, Falkirk and Stirling.
Its first unit will be on the High Street in Falkirk and a number of other community focused locations across Scotland are in negotiation.
Bob & Berts raised £2 million of patient capital from BGF in August 2017 to fund the business’s entry into Scotland and further growth in Northern Ireland. It also plans to expand into the Republic of Ireland.
As part of the BGF deal, industry stalwart Mohan Mansigani – a former chief finance officer at Costa Coffee and Casual Dining Group – joined the board as non-executive chairman.
The company plans a further 30 stores over the next four years, with around 20 of the shops and 400 of the 600 additional full and part-time jobs in Scotland.
Gemma Hamilton, an investor at BGF who is on the board of Bob & Berts, said: “It is an absolute pleasure working with Colin and David and BGF is looking forward to supporting its expansion across Scotland.”
Bob & Berts was founded in 2013 by Colin McClean before being joined by his brother-in-law David Ferguson in 2015.
Mr McClean said: “BGF has been a great partner for us and the skills held by the members of its team have complemented our own.
“We are excited to be bringing our business to Scotland having spent time immersing ourselves in so many different locations and active communities.”
BGF has £2.5 billion to support a range of growing companies – early stage, growth stage and quoted – across every region and sector of the economy.
In return for an initial investment of typically between £1m and £10m, BGF takes a minority equity stake in the business.
The company can also provide follow-on investment and access to its Talent Network of business leaders who can give advice to its portfolio of companies.