BGF has exited its investment in Fife-headquartered housebuilder Campion Homes.

Having initially invested a multimillion sum in 2016, BGF's exit follows a strong period for Campion Homes, with it trebling in size taking turnover from £14.6 million to over £45m. The company is utilising its profit growth and strong cash generation over BGF's hold period to buy out BGF's position in full.

Campion Homes is an award-winning family-owned business that has been constructing quality homes across East Central Scotland for over 30 years. The business has completed 2,300 homes across Fife, the Lothians, Clackmannanshire and, Perth & Kinross since 1989, and supports employment and the local economy through its 160 direct employees and its base of suppliers and sub-contractors.

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The business is now in a strong position for the future with a very robust balance sheet and strong pipeline of sites – recently beginning a significant development at Oak Bank, Glenrothes, with viewings expected to open on a new collection of homes in Crieff in September 2022.

Euan Baxter, Investor, BGF, said: "Campion Homes is a fantastic business that has a tremendously positive impact on the local economy in terms of the number of jobs it supports. We have thoroughly enjoyed working with its leadership group over the last six years, seeing the business scale rapidly. This deal demonstrates BGF’s flexibility on exit routes, and we wish the whole team well for the future and look forward to seeing the business continuing its positive trajectory."

Peter Bell, Executive Chairman, Campion Homes, said: "BGF has been a great partner for us over the last six years, sharing our pride and passion for the quality of build that sets apart a Campion built home. Our business has gone from strength to strength, with the BGF funding used to deliver even more quality homes across East Central Scotland. With this exit completed in a mutually beneficial fashion, we now look forward to the next step on our growth journey."