Transaction Details

April 8, 2021
London

Sector

Technology, Business Services

Deal Type

M&A

Deal Team

Oliver Vaughan, Arthur Callaghan

GCA Altium advises Growth Capital Partners on their investment in Hippo Digital

GCA Altium acted as exclusive financial advisor to Growth Capital Partners (“GCP”) on their investment in Hippo Digital, a design-led digital transformation consultancy providing evidence-based strategy and user-centred design.

Founded in 2016, Hippo Digital is a design and delivery consultancy, providing a highly differentiated proposition to its customers through a focus on user-centred design. The company has established itself as a supplier of digital leaders, service design teams and delivery expertise in support of large-scale digital transformation programmes to public and private sector organisations. In late 2019, Hippo Digital acquired CDL, adding further specialist capabilities within data analytics and cyber.

GCP are sector leaders at investing in digital transformation businesses, with previous portfolio companies including Infinity Works (acquired by Accenture), DMW (acquired by Credera, a division of Omnicom) and Chaucer Consulting (acquired by Business Integration Partners). The investment from GCP will help Hippo Digital grow from the current base of 200 staff to over 400 during the next three years, while expanding into new areas in the UK.

Alex Thomson, Partner at GCP, commented: “We are thrilled to have completed an investment to support the exciting growth plans of Hippo Digital. The business has grown impressively over the past few years and has a differentiated culture that reflects technical excellence and client-centred delivery. GCA Altium’s understanding of the sector dynamics and access to global strategics has added valuable insight during the process and has helped us to consider the opportunities to pursue during our investment period.”

Oliver Vaughan, Managing Director at GCA Altium, added: “It has been a pleasure working with GCP on their most recent investment in the digital transformation space. Hippo Digital is a great company, with a truly differentiated proposition. We look forward to watching the company’s success in the coming years.”

The deal marks another successful transaction for GCA Altium within digital transformation services, having recently advised Sparta Global on their sale to Inflexion, and Graphite Capital on their acquisition of Ten10.

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