Bridgepoint Development Capital Acquires Majority Stake in Kerv Group

Kerv Acquires cloudThing

May 6, 2021

IT Services

Kerv has acquired cloudThing, a UK-based digital transformation and bespoke software specialist, expanding Kerv’s cloud and digital capabilities and trebling its headcount to create a £35m revenue group. The transaction, funded in part by a recent credit facility and backed by PE partner LDC, positions Kerv as a broader cloud-centric managed services and digital transformation provider.

LDC Funds £30m Merger to Create Kerv (DoubleEdge, Foehn, Metaphor IT)

July 27, 2020

IT Services

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.

Bridgepoint Development Capital Makes Growth Investment in Matrix SCM

June 25, 2020

Staffing & HR

Bridgepoint Development Capital (BDC) has made a growth investment in Matrix SCM, a Milton Keynes–based managed service provider that outsources hiring and management of temporary local government staff in the UK. The investment (from the Bridgepoint Development Capital III fund) will fund technology platform enhancements and selective acquisitions to accelerate growth and expand into new public-sector and professional procurement markets.

Bridgepoint Acquires Majority Stake in Kyriba

March 28, 2019

Cloud & SaaS

Bridgepoint, an international private equity firm, agreed to invest $160 million to acquire a majority stake in Kyriba, valuing the cloud treasury and finance software provider at $1.2 billion. The capital will fund product innovation, customer support and global expansion, while several existing investors (Upfront Ventures, Bpifrance, SumeruEquity Partners and HSBC) realize exits and some investors (Daher Capital, Iris Capital and CEO Jean‑Luc Robert) remain invested.

Kerv Acquires TDS Global Communications Compliance Practice

July 11, 2022

IT Services

Kerv, the LDC-backed cloud and digital transformation services provider, has acquired the Communications Compliance Practice business of TDS Global Holdings. The acquisition adds roughly 40 employees, strengthens Kerv's FCA-regulated compliance capabilities for Tier 1 banks and global financial services clients, and expands its managed compliance services delivered from London and a 24-hour operations centre in Cardiff.

Kerv Acquires Gyrocom

November 10, 2021

IT Services

Kerv, the LDC-backed cloud and digital transformation services provider, has acquired Gyrocom, a Surrey-based network and security integrator specialising in SD-WAN and SASE. The add-on expands Kerv's managed network and security capabilities and will see Gyrocom operate as Kerv's specialist networking and security division.