0370 270 6000

Browne Jacobson advises Triangle Fire Systems on £9m BGF investment

12 April 2022

Browne Jacobson have successfully advised Triangle Fire Systems, its shareholders and management team on a £9m investment by the Business Growth Fund (BGF).

Founded in 2006 by three brothers (Colin, Nigel and Steve Chantler), Hastings based Triangle Fire Systems is one of the UKs leading providers in the design, manufacture and supply of bespoke residential and commercial fire sprinkler systems, with a particular specialism in high rise buildings, care homes, heritage listed building and apartment blocks.

BGFs investment will support the company’s long term buy and build growth strategy, service line diversification and people growth plans.

The Browne Jacobson corporate team advising Triangle Fire Systems, its shareholders and management team comprised Mark Hughes, Ryan Brown and Harpinder Nahl. The team was closely supported by Nicola Hollick (employment), Andrew Noble (tax), and banking specialists Beth Nixon and Melanie Hilton. Other advisers included Clearwater International (lead adviser to Triangle Fire), K&L Gates (legal adviser to BGF) and Azets (financial and tax due diligence provider to BGF).

Colin Chantler, CEO at Triangle Fire Systems said: “We are delighted to announce this funding from BGF which will help us to grow our reach and expand our services across the residential and commercial property market.

“As a family-run enterprise, it was important to us that our investor understood this dynamic, and BGF’s track record of successfully scaling family-run businesses means that we can continue to grow in a way that works for us.

“We have been impressed with the support and advice we received from the team at Browne Jacobson, which was always clear, commercial and pragmatic.”

Corporate finance senior associate Ryan Brown added:

“We are delighted to have advised Triangle Fire Systems and its shareholders on securing this significant investment from BGF. Colin, Nige and Steve have built a fantastic business and together with the experienced management team and support from BGF and the new non-exec chair, I am sure that it will continue to flourish.”

Browne Jacobson’s national corporate finance practice operates from four of the firm’s five office network including Birmingham, London, Manchester and Nottingham. It is supported by over 30 corporate and banking & finance expert lawyers delivering complex layered corporate and banking transactions. The team advises domestic and international companies from fast growing start-ups to blue chip corporations on all stages of the business life cycle from capital and finance raising, through to mergers and acquisitions, and ultimately to succession or exit planning with particular expertise in the private equity market.

Focus on...

Press releases

Bishopsgate and Browne Jacobson advise on US firm’s acquisition of Notts based tech services business Custard

Bishopsgate Corporate Finance and law firm Browne Jacobson have jointly advised on the acquisition of award-winning tech solutions business, Custard Technical Services by US managers services and cyber security provider, Thrive.

View

Press releases

Browne Jacobson’s retail lawyers advise wilko on its strategic £48m sale and leaseback of Nottinghamshire distribution centre to DHL

National law firm Browne Jacobson has advised long standing retail client, wilko on the sale and leaseback of its Nottinghamshire distribution centre in Worksop to logistics specialist DHL for £48m.

View

Legal updates

Trigger happy when directors’ duties are the target?

In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.

View

Legal updates

IR35 rules here to stay after government U-turn

A few weeks ago we brought you news that following the Government’s mini-budget it was confirmed that the off-payroll working rules (known as “IR35”) put in place for public and private sector businesses from 2017 and 2021 would be scrapped from April 2023.

View