BGF invests in expertise consultancy The Chemistry Group
London-based recruitment agency Chemistry Group has received new funding to support its expansion ambitions. The British investment firm The Business Growth Fund will be a long-term partner of the consulting firm to initiate a new phase of growth.
Founded in 2003 by CEO Roger Philby, The Chemistry Group aims to increase the value of companies by enhancing employee performance through data analytics, technology and behavioral research. The London-based recruitment firm operates across industries and at scale to solve business problems in six key areas: diversity; Sales; agile working; Guide; Business transformation; Tomorrow’s jobs.
As the rapidly growing talent strategy consultancy wants to build on its dynamism in the coming years, the Chemistry Group has secured a significant investment from the Business Growth Fund (BGF). BGF was founded by Barclays in 2011 and is the UK’s most active investment company. It provides growth capital to small and medium-sized businesses in the UK and Ireland. BGF’s investment will be used to expand TCG’s advisory capacity and develop groundbreaking intellectual property by expanding its science team.
Rahul Satsangi, an investor at BGF, said: “We are excited to welcome The Chemistry Group to the BGF portfolio. Identifying quality talent inside and outside a company is a growing problem for global companies and in the UK. With a differentiated proposition based on data and behavioral research, an impressive customer base, and a dedicated and ambitious team, TCG is at the forefront of helping organizations better understand what this high-profile talent is, and we look forward to seeing you to support further growth in the UK and beyond. “
With this step, the Chemistry Group also appoints Volker Beckers as a non-executive chair. Beckers is also the non-executive chair of Cornwall Insight, an 80-strong Norwich-based company that specializes in helping corporations, policy makers and investors with their energy strategies and transitions. The company is also supported by BGF.
Commenting on the news, Chemistry Group Founder and CEO Philby said, “Across the market, we’ve seen the task of creating a workforce that can execute and advance commercial visions at the pace organizations desire often results in frustration leads. The Chemistry Group helps our customers find the right people in the right roles to drive the overall business strategy. We are pleased to welcome BGF as our long-term investment partner and Volker as CEO of TCG. Both understand our vision for the company and their support as we move into the next phase of our journey will be invaluable. “
