Bridgepoint’s Bridgepoint Development Capital IV (BDC IV), a fund focused on investing in mid-market growth businesses, has made a strategic investment in next generation cloud and digital transformation services provider, Kerv Group.
As part of the transaction, Kerv’s existing backer, LDC, will roll over part of its investment alongside Bridgepoint and management.
The financial terms of the transaction have not been disclosed.
Kerv Group, a provider of cloud-led, full-stack technology solutions and digital transformation services, caters to public and private sector mid-market and enterprise customers with complex and growing IT requirements, including Standard Chartered, Skipton, DVSA and Kingfisher Group. The provider employs approximately 700 people across the UK, Spain, Portugal, France, Switzerland, India, Hong Kong, Singapore and the US.
It was founded in 2020 when LDC backed Executive Chair Alastair Mills and Group Managing Director Mike Ing to acquire and merge three initial cloud firms with the intent to prioritise organic growth, underpinned by a clear focus on employee engagement and customer experience.
The transaction, which closed on 24 January, marks the fifteenth platform investment by BDC IV and its fourth in the UK.
Bridgepoint was advised by Lincoln International, Ropes & Gray, McKinsey, Deloitte, Analysys Mason, Anthesis and Marsh.
Kerv Group was advised by Houlihan Lokey, Pinsent Masons, EY, Altman Solon, Intechnica and Jamiesons.
