Bridgepoint Development Capital has made a strategic investment in Kerv Group
Kerv Group
Founded in 2020, Kerv Group is a multi-award-winning and fast-growing provider of cloud-led, full-stack technology solutions and digital transformation services. Headquartered in London and employing approximately 700 people globally, the company serves both public and private sector middle market and enterprise customers with their complex and expanding information technology (IT) needs. The business is led by Executive Chair Alastair Mills and Group Managing Director Mike Ing.
The Deal
Lincoln International acted as the exclusive buy-side advisor to Bridgepoint Development Capital (BDC). Lincoln worked closely with the BDC deal team to evaluate the opportunity and manage the transaction to a successful conclusion, providing both mergers and acquisitions (M&A) and capital advisory services, which included a critical assessment of the business, its place within the complex IT management system landscape, both today and in the future, as well as hands-on day-to-day execution support to enable a successful process. Furthermore, an attractive debt package was secured with Lincoln managing the acquisition financing process.
The transaction marks BDC’s 15th platform investment from its BDC IV fund, and its seventh in the UK, and builds on BDC’s long-standing interest and engagement with leading technology businesses. With BDC’s support, Kerv will continue to experience further expansion on its journey to becoming a leader in the digital services sector, both organically and through M&A.As part of the transaction, Kerv’s existing backer, LDC, will roll over part of its investment.
Our Perspective
Chris Brooks, Lincoln International Managing Director who led the transaction, commented, “We are very pleased to have supported BDC on this deal, in what represents our 10th transaction in the European IT services sector in the last 12 months. Kerv is a leading next-generation cloud and digital services provider, with impressive growth and will benefit further from BDC’s sector expertise and capital. We truly enjoyed working with the BDC team, providing both M&A and debt advice, and look forward to watching Kerv’s continued success.”
We very much appreciated the Lincoln technology M&A and capital advisory team’s assistance, providing hands-on support throughout the transaction and valuable insights into the company and the exciting further growth potential in the sector.
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Aude Doyen
Managing Director
London
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