3. Kerv acquired by Bridgepoint Development Capital
When: January
Magnitude
Formed during the pandemic, contact centre and cloud specialist Kerv now turns over £100m. It ranked 66th in the recent Oxygen 250.
Rationale
Quite simply, the Microsoft, Citrix and Genesys partner had outgrown previous backer LDC.
The midmarket PE house helped create Kerv 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.
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.
Bridgepoint Development Capital in January stepped up to bankroll the next stage of Kerv’s growth.
What the CEO said
“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,” Alastair Mills
Fun fact
Kerv is “on a journey to become a certified B Corp” (the notoriously exacting social and environmental accreditation), it revealed at the time the deal was announced.
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