Kerv Group, a portfolio company of LDC, has raised £73 million of growth debt financing to support their buy and build strategy
Kerv is a next-generation, cloud transformation provider offering outcome-focused solutions with a suite of digital, contact center, unified communication, security and compliance applications. Kerv has a focus on delivering organization-wide integrated digital experiences to its enterprise and mid-market clients.
Kerv was formed from four complementary businesses, DoubleEdge, Foehn, Metaphor and UCNS, in July 2020. The group has been brought together by Alastair Mills, Six Degrees Group founder and former Chief Executive Officer, and Mike Ing, former Chief Operating Officer at Six Degrees Group, forming the leadership team along with Andrew Marshall, group Chief Financial Officer, and the current management teams of each of the four engaged by Kerv and LDC to arrange a flexible financing package that could support the company’s ambitious invest and grow strategy.
Lincoln ran a targeted process focusing on lenders who would provide Kerv with follow-on facilities whilst also factoring in sufficient operating flexibility for the executive team to execute their business plan. The £73 million financing package consisted of a revolving credit facility, a committed delayed draw term loan facility and a significant accordion.
Lincoln provided valuable strategic advice drawing from both their knowledge of the sector and the lending market. Their dedicated senior team and hands-on approach were instrumental in supporting us to achieve this great outcome.
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