Growth capital investor BGF has invested £11.5m in UK leisure and hospitality EPOS solution provider Tevalis. The deal was led by Rob Johnson and James Baker from BGF’s Yorkshire and North East team.
As part of the deal, Rob Caul has been appointed as a non-executive chair. Caul previously founded, scaled and oversaw HR software business Kallidus through multiple rounds of PE investment.
According to a statement, Tevalis hopes to treble recurring revenues over the next three to five years, supported by BGF’s investment in sales and marketing, product and partners, as well as international expansion opportunities.
Tevalis was founded in 2005 by CEO James Cook and works with leisure and hospitality operators including Village Hotels, Boxpark, EG Group, Colchester Zoo and Ben & Jerry’s. The company’s electronic point of sale platform combines order and pay, kitchen, stock and cash management modules, with business analytics and reporting tools, as well as various third-party integrations.
BGF was advised by Squire Patton Boggs and BDO. Tevalis was advised by PwC and Addleshaw Goddard.
