UK IT Channel News | IT Channel Oxygen
  • News
  • Topics
    • Vendor
    • Distributor
    • Partner
    • Indepth
    • Sustainability
    • M&A
    • People Moves
    • AI
    • Tech trends
  • Sustainability
  • About Us
  • Partner with us
Members
Must-Know Distributors
Oxygen 250
No Result
View All Result
  • News
  • Topics
    • Vendor
    • Distributor
    • Partner
    • Indepth
    • Sustainability
    • M&A
    • People Moves
    • AI
    • Tech trends
  • Sustainability
  • About Us
  • Partner with us
No Result
View All Result
UK IT Channel News | IT Channel Oxygen
No Result
View All Result
Home Sustainability

Kerv kickstarts B Corp journey as it swaps PE backers

LDC hails 45% return on the £100m MSP it helped form during pandemic

Oxygen staff by Oxygen staff
25 January 2024
in Sustainability
Mike Ing and Alastair Mills, Kerv

Mike Ing and Alastair Mills, Kerv

Share on LinkedinShare on Twitter

Kerv has kickstarted its journey to become a B Corp, it revealed as it announced it has swapped private equity backers.

LDC today announced it has exited the Genesys, Microsoft and Citrix partner, which was formed during the pandemic and now turns over £100m.

LDC helped create the London-based contact centre and cloud specialist in July 2020 when it backed founders Alastair Mills and Mike Ing to fuse three cloud-based MSPs in the form of Metaphor IT, DoubleEdge Professional Services and Foehn.

Today it announced it has exited the investment at an IRR [internal rate of return] of 45%, with Bridgepoint Development Capital stepping in for a majority stake.

During their three years together, Kerv grew revenues from £20m to £100m, EBITDA from £3m to £20m and headcount from 100 to 700, LDC claimed.

Bidding for B Corp

Kerv claims to have a focus on diversity and inclusion, with 35% of new job roles filled by women (surpassing the UK average of 20% for women in technology).

It is “also on a journey to become a certified B Corp”, it added in reference to the notoriously exacting social and environmental accreditation that only a select few UK MSPs and resellers (including Natilik and Cloud Technology Solutions) have gained.

The development comes after £440m-revenue IT solutions provider boxxe revealed to IT Channel Oxygen that it chose not to go through with B Corp despite passing its assessment.

Find out where Kerv ranked in IT Channel Oxygen’s Oxygen 250 here

Aylesh Patel, Partner and Head of South at LDC, said:

“We first backed the team at a time when many investors had paused activity during the pandemic, and we’ve been there with follow-on funding to support acquisitions as Kerv kept growing. This is a great example of what a private equity partnership can achieve when investors adopt a flexible investment strategy and it’s been a pleasure to support the team over the last few years. I’m looking forward to being part of the next chapter.”

Mills added:

“In 2020 we had an ambition to create a technology business that truly put customers and employees first, recognising this is the key to long-term, sustainable growth, and I’m proud to say we’ve achieved that goal. LDC understood our vision and got behind us from the start. Over the past three and a half years, they’ve provided additional funding to support acquisitions and helped us to scale significantly, all without losing sight of what makes us special – our people. Kerv is still less than four years old and so I’m really excited to see what’s possible with the support of both LDC and Bridgepoint in this next chapter.”

Tags: boxxeCloud Technology SolutionsfeaturedKerv GroupNatilik
Previous Post

Q&A with Academia’s Andrew Harman

Next Post

11. Daisy

Related Posts

Park Place's HQ in Cleveland, Ohio
M&A

3 things to know as Park Place and Service Express merge

11 September 2025
Ian Kilpatrick
People Moves

Kilpatrick reveals ‘unexpected’ distribution return

11 September 2025
Geoff Kneen, Advania UK
AI

Advania UK CEO: ‘We’re an AI firm’

10 September 2025
Simon Ewington, HPE 2025
Vendor

HPE channel boss says 1,700 partners have moved to unified partner regime

10 September 2025
Mike Norris Group Sales kick off Berlin 2024 (1)
Business

Computacenter returns to UK growth as top line swells by a quarter

9 September 2025
Wedding cake - Pixabay
M&A

Managed print duo Aurora and Right Digital Solutions join forces

8 September 2025
Is AI coming for channel partner jobs? 3 leaders weigh in
AI

Is AI coming for channel partner jobs? 3 leaders weigh in

8 September 2025
Is Microsoft 365 Copilot too expensive?
AI

SoftwareOne among first out gate on Microsoft Copilot specialisation

8 September 2025
Next Post
One of Europe’s largest IT resellers, Econocom, just posted growth

11. Daisy

Follow Us

IT Channel Oxygen keeps you informed on the UK IT channel and its sustainable transformation. Learn more

  • About
  • Our Team
  • Partner with us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Cookie Policy (UK)

© 2025 IT Channel Oxygen

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Oxygen 250
  • Must-Know Distributors
  • Member area
  • KOcycle Zone
  • Big Interview
  • News
  • Indepth
  • About
  • Partner with us

© 2025 IT Channel Oxygen