June 21, 2021
M&A, Debt advisory
GCA Altium advises UKFast and Inflexion Private Equity on their acquisition of ANS Group
GCA Altium acted as exclusive financial advisor to UKFast and Inflexion Private Equity on their acquisition of ANS Group, creating a UK digital technology services powerhouse.
Founded in Manchester in 1996, ANS is a provider of digital transformation and cloud managed services. Its 270 team members enable customers on their digital transformation journey to the public cloud, leveraging key partnerships with Microsoft Azure and Amazon Web Services (AWS). Founded in 1998, UKFast is a leader in private cloud hosting and security services with over 6,000 customers, and has a fast-growing public cloud offering. Both companies have industry-leading customer satisfaction metrics, and together will be focused on deepening the skilled resources available to customer organisations working with increasingly complex IT landscapes.
ANS and UKFast will be brought together under one parent group to address the rapid market growth opportunity for digital and cloud services. The group will combine ANS’s public cloud, DevOps, applications and data expertise with UKFast’s leadership in private cloud, hosting and security, to create the UK’s independent leader in secure cloud-led digital transformation across the public and private sectors. Each business will continue to operate under its existing brand, while offering customers a full portfolio of offerings from across the extended group.
Commenting on the transaction, Ian Brown, CEO of UKFast, said: “As a new UK tech powerhouse, the combined group creates tremendously exciting opportunities for our valued customers, our passionate team, and our trusted partners. With Inflexion’s vision and support we are creating a unique digital transformation business.”
Carl Wormald, Partner at Inflexion, added: “I was delighted with the team at GCA Altium in their role as lead advisor to Inflexion. Their deep sector insight and senior-led advice was highly valuable throughout the process.”
Further to this, Phil Adams, CEO of GCA Altium, said: “This transaction creates a UK powerhouse in digital transformation and cloud services. We are proud to have supported UKFast through its evolution, starting with the 2018 sale of a minority stake to Inflexion. We wish both companies every success in this new chapter.”
The transaction marks the latest in more than 70 technology-related deals undertaken by the firm this year.