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Cycling Weekly

Sport

Adam Becket

Brompton secures £19 million investment and will use money to 'be more ambitious'

Brompton BGF Will ButlerAdams

Brompton

Brompton, the iconic British folding bike company, has secured £19 million in investment from BGF.

Announced on Tuesday morning, the deal sees BGF, formerly known as the Business Growth Fund, take a minority stake in Brompton. The press release states that the company will remain independent, however, "owned by the founder Andrew Ritchie, the current CEO Will Butler-Adams, their friends, family, and its staff".

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