RMS International receives investment backing from BGF

Jade Burke

By Jade Burke

February 22nd 2016 at 11:09AM
UPDATED February 23rd 2016 at 10:23AM
RMS International receives investment backing from BGF

‘We are excited to be supporting the company as it looks to grow its international presence,’ says BGF.

RMS International has revealed it has secured a growth capital investment from Business Growth Fund (BGF) to help expand its global operations.

Founded in 1982, RMS’s operations include product innovation and design, research and testing and supply chain audits to service major retailers worldwide.

Over the past 25 years, the company has designed a range of products under its own brands, including Grafix, Blocktech, GL and Games Hub.

Most recently, the firm has been building a licensed product line with Disney, Universal and other major franchises.

In addition, RMS has appointed Stuart Rose, former chairman of toy group Hamleys and MD of The Body Shop, as the company’s chairman.

Tyrone Farber, CEO of RMS International, said: “With the support of a strong management team, we have built a sizable and reputable business over the past 30 years and we know that there are further, unexploited opportunities, particularly overseas.

“BGF’s flexible and long term approach to funding and partnership fits with our own needs, and our desire to remain in control of the business. I am extremely excited to have Stuart Rose on board. His knowledge and experience in the retail sector will undoubtedly prove valuable to RMS as we continue to grow.”

The investment was led for BGF by Matt Windall and Rhys Davenport, plus RMS is also backed by Barclays Corporate Banking.

Matt Widdall, an investor at BGF, added: “RMS has built significant expertise, with a strong reputation for quality, creativity and distribution. We are excited to be supporting the company as it looks to grow its international presence.”