The combined business, Ocee International Group, will focus on expansion across the European and global export markets.
Under the leadership of chief executive Alistair Gough, Ocee has more than tripled its turnover in six years to become a significant player in the UK commercial furniture market.
With showrooms in Northampton and London, the business employs 85 staff, 50 of whom are engaged in the assembly of furniture.
Four Design on the other hand is a modern furniture company with sales throughout Europe and manufacturing partners in North America, China and Australia.
BGF’s funding will be used to scale the company’s operations in the UK and internationally, with Ocee now benefiting from a permanent base in Denmark.
Gough said: “The strength of the relationship between Ocee Design and Four Design is a significant driver in our decision to purchase the company.
“By merging the businesses, the group brings the expertise of the management teams together, creating a financially strong, meaningful domestic and international operator.
“This is a great opportunity to benefit from the respective distribution, design, service and manufacturing strengths of the combined group, and we look forward to an exciting and prosperous future.”
To support the next phase of growth, Steve Halbert has joined the board as non-executive chairman. Halbert was previously head of UK M&A at KPMG and former chair and executive chair of GVA Grimley.
His current chairman roles include Inflexion backed Alcumus, National Accident Helpline and Safestyle UK.