Announced
Completed
Financials
Tags
ict services
Private
Friendly
United Kingdom
Single Bidder
IT Services: Other
Acquisition
Completed
Private Equity
Majority
Synopsis
Souter Investments completed the acquisition of Stone Group, an ICT services provider, from RJD Partners. Financial terms were not disclosed. "Stone Group presents an exciting opportunity for Souter Investments to back an experienced and successful management team, leading an established and significant technology business highly regarded in a fast-moving sector. We look forward to working with Simon and his team as they continue to drive organic growth and expand the mix of Stone Group’s technology, service and support offerings, with the opportunity for both to be accelerated by M&A and strategic partnerships," John Berthinussen, Souter Investments Investment Director.
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