BGF invests in talent consultancy The Chemistry Group
London based HR consultancy The Chemistry Group has secured new funding to back its expansion ambitions. British investment firm The Business Growth Fund becomes a long-term partner of the consultancy, as it looks to embark on a new phase of growth.
Founded in 2003 by CEO Roger Philby, The Chemistry Group aims to increase the value of companies by improving the performance of their people through data analytics, technology and behavioural science. Based in London, the HR advisory firm operates cross-sector and at scale to solve business issues in six key areas: diversity; sales; agile working; leadership; business transformation; tomorrow’s jobs.
As the fast-growing talent strategy consultancy looks to build on its momentum in the years ahead, The Chemistry Group has secured a major investment from the Business Growth Fund (BGF). Founded by Barclays in 2011, the BGF is the UK's most active investment company, providing growth capital for small and medium-sized enterprises in the UK and Ireland. BGF’s investment will be used to grow TCG’s consulting capability and develop ground-breaking IP by enhancing its science team.
Rahul Satsangi, an investor at BGF, said, “We’re delighted to be welcoming The Chemistry Group to the BGF portfolio. Identifying quality talent, from both within and outside of an organisation, is an increasing issue for global businesses, and in the UK… With a differentiated offering based on data and behavioural science, an impressive client base, and a dedicated and ambitious team, TCG is leading the way in supporting organisations to better understand what this top-quality talent looks like and we’re looking forward to supporting their continued growth in the UK and beyond.”
The move also sees The Chemistry Group appoint Volker Beckers as Non-Executive Chair. Beckers is also Non-Executive Chair of Cornwall Insight, an 80-strong firm based in Norwich, specialising in helping businesses, government policymakers and investors with their energy strategies and transitions. The firm is backed by BGF as well.
The Chemistry Group’s Founder and CEO Philby said of the news, “Across the market, we’ve seen that frustration often builds over the task of creating a workforce that can execute and drive commercial vision at the pace that businesses want. The Chemistry Group supports our clients get the right people in the right roles to really drive the overall business strategy… We’re excited to welcome BGF to TCG as our long-term investment partner, and Volker as chair of our board. Both understand our vision for the business and their support as we enter this next stage of our journey will be invaluable.”
