IW Capital completes cGBP6m buyout and growth equity investment in Olive Jar Digital
IW Capital has completed a leveraged buyout and growth equity investment into Olive Jar Digital, to facilitate the partial equity release to the firm's founders and provide further growth capital for the business.
This investment is focused on enabling the organic growth of the company through continued expansion into new segments in a growing market. IW Capital is pleased to continue to work with the founders that have built the business to its current position and have a clear strategy for the next stage of development.
Olive Jar Digital – founded in 2015 – is one of the UK’s fastest growing, award-winning digital consultancies, championing managed digital delivery services and the provision of expert talent. From expanding their network of associates and industry influencers, they have been successful in delivering projects for all sectors including government and retail, using their knowledge and experience in both Digital Transformation and Talent Acquisition to mobilise the right resources and team for client projects.
This growth capital from private equity firm IW Capital will be used to accelerate the company’s growth plans into the private market and will allow the business to work on larger and more complicated projects, which will increase project margins and leverage the existing business to a new level.
Rajesh Thakrar, Co-founder of Olive Jar Digital, says: “I am truly excited about our new partnership with IW Capital, where we can build on Olive Jar’s great achievements and take it to the next level, whilst maintaining our passion for all things digital. This is a super opportunity for us to grow what we do well; transform digital services intuitively.”
Olivia Nixey, Co-founder of Olive Jar Digital, says: “I’m extremely proud of Olive Jar, the team that we have in place and what we have achieved so far together. I’m very much looking forward to working with IW Capital to build on that success. This partnership enables Olive Jar to evolve even further, to move into new markets and to grow at a much faster pace. I look forward to a successful future together.”
Luke Davis, CEO of IW Capital, says: “We at IW Capital are pleased to share that we have just completed the leveraged buyout of Olive Jar Digital Group, enabling equity release to the founders. IW Capital is fortunate to be enabling the experienced Olive Jar founders who will continue to be involved in the day to day operations with existing clients and new customers. They have a clear strategy to grow and leverage the existing business to a new level, and we are proud to be a part of their growth and future plans.”