Paperchase Accountancy has secured a minority growth investment from BGF. This growth capital will provide Paperchase with the funding to pursue global opportunities with a focus on expansion and providing seamless financial services backed by market insights.
Founded over 30 years ago in London, Paperchase has established itself as the ‘go-to’ accountant for restaurants, bars, pubs, and other hospitality brands seeking expert financial management. With a global team of over 1,200 professionals, the company supports more than 3,000 hospitality locations across Europe, America, the Middle East, Africa, and Asia, with plans to continue worldwide expansion over the next few years.
The company’s client base collectively holds over 20 Michelin stars and ranges from start-ups to multi-chain and high-profile establishments. Notable customers include Zuma, Dishoom, Five Guys NY, and Daniel Boulud.
Paperchase’s financial management services and growth advising have been critical in driving client expansion and profitability. Backed by investment from BGF, Paperchase will harness cutting-edge technology and data-driven insights to deliver additional value to the hospitality sector, while strengthening its leadership position.
Advancements such as real-time financial reporting, and strategic workforce growth will further enrich Paperchase’s restaurant accounting solutions. These enhancements will not only support the firm’s global client base but also facilitate seamless onboarding of new businesses as Paperchase continues its expansion.
Nish Patel, CEO of Paperchase Accountancy, commented: “We are thrilled to partner with BGF, whose investment will accelerate our growth plans and continue to deliver exceptional services to our clients worldwide. This investment is a huge vote of confidence in our vision and will enable us to accelerate our growth and extend our reach, bringing our innovative financial solutions to even more global markets.”
The deal was led by Zahir Kasmani, Alex Chang, Matthew Connor and Alex Snodgrass, part of BGF’s London investment team. Steven Clarke will join the Paperchase board as non-executive chair.
BGF investor Zahir Kasmani said: “Paperchase is a clear leader in its field, with a strong reputation for providing innovative and tailored solutions to its clients. We’re excited to support Nish and his talented team as they enter the next phase of growth. Hospitality is a vital sector, and with Paperchase’s proven track record and deep industry expertise, the company is well-positioned to scale even further. We look forward to playing a key role in their ongoing success story.”
About Paperchase Accountancy:
Founded over 30 years ago in London, Paperchase has carved out an exceptional reputation as the trusted financial partner for restaurants, bars, pubs, and high-profile hospitality brands seeking not just numbers, but insights, foresight, and tailored financial strategies. With a team of over 1,200 experts and a growing global presence, Paperchase currently serves more than 3,000 hospitality locations across Europe, the US, the Middle East, Africa, and Asia.
About BGF:
BGF was set up in 2011 and has invested over £4bn in more than 600 companies, making it the most active investor in the UK and Ireland. BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 15 offices. Reflecting its long-standing commitment to supporting good growth in entrepreneurial businesses, BGF was recently recognised as a certified UK B Corp.
www.bgf.co.uk / @BGFinvestments