Private equity firm Bowmark Capital has acquired a significant minority stake in Focus Group, a UK provider of communications and IT solutions.
Focus was founded in 2004 by Ralph Gilbert and Chris Goodman and provides a range of integrated technology solutions including hosted voice, cloud applications, mobile, connectivity and IT services.
The business has acquired and integrated eight businesses over the past two years to expand its talent pool, build scale and enhance its product range. As part of the transaction, additional funding of over £150 million is being made available to accelerate the company’s acquisition programme.
Stephen Delaney, Partner at Bowmark, said: “We have been following the information and communications technology sector for a number of years, and have been impressed by Focus’s outstanding track record of growth, its service excellence, and by the vision and ambition of its management team.”
Chris Goodman, Co-Founder of Focus Group, added: “After running a tight process we are delighted to have partnered with Bowmark. We have an incredible team whose ambitions know no bounds, and with an investor of Bowmark’s pedigree on our side we are looking forward to capitalising on the foundations we have laid and delivering on our objectives.”
