LDC Funds £30m Merger to Create Kerv (DoubleEdge, Foehn, Metaphor IT)
July 27, 2020
Leading UK private equity house LDC provided funding to enable a £30 million merger of DoubleEdge Professional Services, Foehn and Metaphor IT to form Kerv, a cloud-centric managed services business targeting mid-market customers. The combined business brings together capabilities in managed IT services, unified communications and contact centre solutions with management led by Alastair Mills and Mike Ing and pro forma revenues approaching £20 million and ~100 employees across the UK and Spain.
- Buyers
- LDC
- Targets
- DoubleEdge Professional Services, Foehn, Metaphor IT
- Platforms
- Kerv
- Industry
- IT Services
- Location
- Greater London, United Kingdom
- Transaction Type
- Buyout
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