- Companies
- BGL Group
BGL Group Revenue, Valuation, Funding & Investors
BGL Group is valued at $2.4B as of November 2017, a 3.0x multiple on its last reported $778M revenue.
Last BGL Group valuation
$2.4B
Undisclosed stage · Nov 2017
Last BGL Group funding round
$710M
Undisclosed stage · Nov 2017
BGL Group revenue
$778M
Undisclosed stage · Nov 2017
Key investors in BGL Group
CPP Investments
About BGL Group
BGL Group is a Peterborough-headquartered distributor of insurance products in the United Kingdom with offices in Sunderland, York, Wakefield, and Paris. It underwrites motor and home policies under the Junction brand while operating comparison sites comparethemarket.com in the UK and LeFuret.com in France. Partnerships supply branded insurance through M&S Bank, RAC, Post Office, HSBC, Lloyds Bank, Halifax, and Santander channels. Budget Group of Companies transformed into BGL Group Limited in 2007.
Founded
1991
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Advertising, Commission
Revenue
$778M (Nov 2017)
Valuation
$2.4B (Nov 2017)
BGL Group Valuation
BGL Group is currently valued at $2.4B, based on its undisclosed-stage round in November 2017.
The $710M round was led by CPP Investments.
BGL Group valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2017 | Undisclosed stage | $2.4B | 3.0x |
BGL Group Revenue
BGL Group's latest recorded revenue is $778M, as of its undisclosed-stage round in November 2017. At a $2.4B valuation, that implies a 3.0x revenue multiple.
BGL Group revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2017 | $778M | $2.4B | 3.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
BGL Group Funding History
BGL Group has raised a total of $710M across 1 funding round.
BGL Group funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2017 | Undisclosed stage | CPP Investments (lead) | $710M | $2.4B | BGL Group is a leading digital distributor of insurance and household financial services, owning brands such as comparethemarket.com, LesFurets.com, and BeagleStreet.com. In November 2017, Canada Pension Plan Investment Board (CPPIB) signed an agreement to invest approximately £675 million for a 30% stake in BGL Group, implying a post-money valuation of £2.25 billion. The transaction was expected to close by end of April 2018, with BHL retaining majority ownership; CPPIB to nominate a board director, and BGL shelved IPO plans. For the year ending June 30, 2017, BGL reported underlying revenue of £585 million (14% growth) and underlying profit before tax of £126 million (19% growth), with over 8.5 million customers. The business continued similar growth into the current financial year per the announcement. Some sources cite slightly varying investment amounts (e.g., ~£525M in 2018 report), but primary press release confirms c.£675M. |
Who has invested in BGL Group?
1 investor has backed BGL Group across its funding rounds, including CPP Investments.
Lead investors include CPP Investments.
BGL Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by BGL Group
BGL Group has acquired 1 company to date.
Last acquisition by BGL Group was on October 26th 2018. BGL Group acquired Bean for undisclosed valuation.
Latest Acquisitions by BGL Group
| Description | Bean is a personal finance application helping users track expenses and manage subscriptions. Available on iOS and Android, it scans bank transactions to identify recurring payments and facilitates one-click cancellations directly from the dashboard. Headquartered in London, Bean serves over 100,000 users in Europe, integrating with banks via open banking APIs for real-time categorization and budgeting insights. |
| HQ Country | |
| HQ City | London |
| Deal Date | 26 Oct 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all BGL Group acquisitions and their M&A valuation multiples. Start Free Trial | |
BGL Group Competitors
BGL Group competitors include listed companies like Autohome, Ziff Davis, Rasan and Kakaku.com, and private ones like Healthcare.com and InsuranceDekho.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $962M | $171M | $2.5B | 0.0x | ||
| Publicly listed | $1.5B | $335M | $2B | 1.0x | ||
| Publicly listed | $174M | $73M | $3B | 11.0x | ||
| Publicly listed | $605M | $175M | $4.8B | 7.0x | ||
| Private | - | - | $1B | - | ||
| Private | $138M | - | $775M | 5.6x |
BGL Group Public Comps
BGL Group is still privately-owned, but its public comps include Trump Media & Technology Group, Autohome, AUB Group, TX Group, Ziff Davis, Xinhuanet, People, Grupo Profuturo, People.cn and Sanoma.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4M | ($723M) | 673.6x | - | (3.4x) | - | |||
| $962M | $171M | 0.0x | 0.0x | 0.0x | 0.0x | |||
| $776M | $239M | 3.6x | 2.4x | 11.6x | 6.9x | |||
| $1.1B | $310M | 2.1x | 2.1x | 7.2x | 8.1x | |||
| $1.5B | $335M | 0.9x | 1.0x | 3.8x | 3.3x | |||
| $333M | $66M | 4.9x | 5.0x | 24.8x | 26.9x | |||
| $2.4B | $122M | 1.3x | 1.6x | 25.4x | 11.3x | |||
| $2.1B | $387M | 0.9x | - | 5.2x | - | |||
This data is available for Pro users. Sign up to see all BGL Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BGL Group
| When was BGL Group founded? | BGL Group was founded in 1991. |
| Where is BGL Group headquartered? | BGL Group is headquartered in Peterborough, United Kingdom. |
| Is BGL Group publicly listed? | No, BGL Group is a private, VC-backed company. |
| What is BGL Group's valuation? | BGL Group was last valued at $2.4B in its undisclosed-stage round in November 2017. |
| How much funding has BGL Group raised? | BGL Group has raised $710M across 1 funding round. |
| What was BGL Group's last funding round? | BGL Group's last funding round was a $710M undisclosed-stage round in November 2017, led by CPP Investments. |
| Who are BGL Group's investors? | BGL Group's investors include CPP Investments. |
| What is BGL Group's revenue? | BGL Group's latest recorded revenue is $778M (November 2017). |
| What is BGL Group's revenue multiple? | BGL Group's latest valuation implies a 3.0x revenue multiple ($2.4B valuation on $778M of revenue). |
| Which companies are comparable to BGL Group? | Companies comparable to BGL Group include Autohome, Ziff Davis, Rasan, Kakaku.com, Healthcare.com and InsuranceDekho. |
| How many companies has BGL Group acquired? | BGL Group has acquired 1 company, including Bean. |
See companies similar to BGL Group
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