BOWMARK takes majority stake in SFG20

Bowmark Capital acquired a significant stake in SFG20, the UK standard for building maintenance specification, in a deal announced in July 2026 and completed after regulatory approval. The Building Engineering Services Association, which had owned SFG20 since establishing it in 1990, kept a holding alongside Bowmark, and Kirsty Cogan stayed on as chief executive. At the time of the deal, SFG20 generated revenue of £13.7m and its platform was used by more than 1,000 organisations across the industry. Bowmark had already invested in businesses serving the built environment, including BCIS, which supplies independent construction cost data, and Eque2, which develops enterprise resource planning software for construction companies. Investec advised the sellers on the M&A side, with A&O Shearman and Osborne Clarke as legal counsel, while KPMG advised Bowmark, with Stephenson Harwood as legal counsel.