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Paperchase Accountancy has secured a minority growth investment from private equity firm BGF, which it will use to fund its global expansion.Founded over 30 years ago in London, Paperchase works with restaurants, bars, pubs, and other hospitality brands seeking expert financial management.
With a global team of over 1,200 employees, 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.
Its 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.
Backed by the investment from BGF, Paperchase said it 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, support the firm’s global client base and facilitate “seamless” onboarding of new businesses as Paperchase continues its expansion.
Nish Patel, CEO of Paperchase Accountancy, said: “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 added: “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.”
