November 21, 2017
Adrian Reed, Dominic Orsini, Phil Chadwick, Hamzah Shakoor
GCA Altium advises Livingbridge on its investment in Giacom
GCA Altium acted as exclusive financial advisor to Livingbridge on its investment in specialist cloud services marketplace provider Giacom, a portfolio company of LDC.
Giacom offers a one-stop platform for all of the cloud software, infrastructure and IT support services that an ITC might require to transition an SME client into a public or private cloud environment and then manage them on an ongoing basis. Underpinned by a Microsoft 2-Tier Cloud Solution Provider licence, Giacom has rapidly become the vendor of choice for over 4,000 ITCs enabling the business to service a fast-growing addressable market estimated to be worth c. £2.2bn.
Established in Hull, UK, in 1999, the investment from Livingbridge facilitates a management buyout of the business by Giacom Chief Executive Mike Wardell and his team from the founder, Nick Marshall. LDC who backed the business in 2016 are exiting and will be reinvesting alongside Livingbridge for a minority stake to support Giacom’s ongoing growth strategy.
Giacom plans to build on the strong momentum it has generated to date by continuing to expand its network with ITCs, cross-selling more products and services across the marketplace and through strategic M&A.
The deal represents GCA's 28th transaction in the software and tech-enabled services sectors since the start of 2017, firmly positioning the business as a leading tech-focused investment bank.