Kerv Acquires cloudThing

Bridgepoint Development Capital Acquires Majority Stake in Kerv Group

January 24, 2024

IT Services

Bridgepoint Development Capital IV has made a strategic majority investment in cloud and digital services provider Kerv Group, with existing backer LDC exiting while rolling part of its stake and reinvesting £30m. The capital will support Kerv's continued organic growth, product sales expansion, cross-selling and further M&A as the business scales internationally.

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.

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.

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.

CapVest Acquires Kerridge Commercial Systems from Accel-KKR

July 13, 2023

Cloud & SaaS

Funds managed by CapVest Partners LLP have agreed to acquire Kerridge Commercial Systems Ltd (KCS), a UK-headquartered ERP and business management software provider for distributors, wholesalers and related trades, from Accel-KKR. KCS serves over 32,000 customers globally and employs more than 1,100 people; CapVest said it will pursue further growth and M&A to accelerate the company's cloud ERP strategy.

Thrive Acquires Custard Technical Services

November 11, 2022

IT Services

Thrive, a U.S.-based provider of managed cybersecurity and digital transformation services, has acquired Custard Technical Services, a Nottingham-based UK IT support and managed services firm. The deal expands Thrive’s UK footprint and brings Custard’s managed services, disaster recovery, and IT security capabilities into Thrive’s NextGen portfolio to serve small- and mid-sized enterprises across the East Midlands and surrounding markets.