CSI, an Annesley, Nottinghamshire, UK-based IT Managed Service provider to the UK mid-market, received a £36m investment.
MML Capital Partners made the investment alongside Executive Chairman Alan Watkins and CFO Kevin Lewis who, through their investment vehicle Blackhawk Capital, acquired CSI in 2012.
Debt to support the transaction was provided by Permira Debt Managers and RBS (RCF and daily transactional banking).
Led by Watkins, Lewis, Mark Vargo, Sales and Marketing Director, Richard Midgley, Chief Operating Officer and Software Solutions Director, and Gerry Burke, Managed Services Director, CSI provides mission critical Managed Services to mid to large sized corporates with complex IT requirements, delivering solutions which combine expertise across Infrastructure, Applications and Cyber Security.
The company has developed and acquired highly technical skillsets across a wide variety of technologies, in particular with expertise in SAP and IBM.
It currently has visibility over its FY17B of £48m revenue and £9m EBITDA.