WestBridge has completed its first deal of 2022, supporting the MBO of Thames Valley based, Smart Capital Technology (SCT).
Funds managed by WestBridge have invested GBP17 million.
Established in 2002 and headquartered near Reading, SCT is an innovative IT services organisation, which is 100 per cent dedicated to the channel. SCT’s flagship Inventory-as-a-Service (IaaS) solution offers technology infrastructure support on a global basis through a comprehensive IT engineering capability and operational network.
The MBO was led by CEO, Andy Morgan with support from the wider management team. The deal facilitates a partial exit for the founding directors, who will retain a small shareholding in the business.
The team will be augmented with the appointment of non-executive chairman Richard Cottrell, who brings extensive sector experience and will provide invaluable guidance and support in delivering SCT’s strategic objectives.