2. Digital Space
PE acquirer: Graphite Capital (from Horizon Capital)
Date: January 2023
Deal size: Midmarket private equity house Graphite backs companies with enterprise values ranging from £30m-£175m.
Boasting 340 staff, Digital Space turned over £61.4m in 2022.
Rationale
Organic growth “supplemented by M&A” is the new growth blueprint for this Nottinghamshire-based midmarket MSP under Graphite.
Graphite, which replaced previous PE owner Horizon Capital, said it was attracted by Digital Space’s “well-invested and modern services platform”, among other things.
CEO Neil Muller and his management team “will continue to lead the business, with a strong focus on organic growth”, Graphite emphasised.
Note that Graphite also owns Babble, which IT Channel Oxygen recently named the most acquisitive UK MSP of 2023.
What they said
“In today’s challenging economic times, we will continue to help our customers to reduce their costs and improve their productivity through digital transformation and robust (yet agile) secure, connected cloud managed services – with targeted acquisitions expected to support our quest,” Neil Muller, CEO of Digital Space
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