• UKFast closes record year with investment deal

        • UKFast is closing a ‘record’ 12 months by announcing an investment from Inflexion Private Equity. The investment into UKFast is being made by Inflexion’s dedicated minority investment fund, Partnership Capital. The deal sees the firm valued at £405 million, based on £25 million EBITDA.

          Founded in 1999, by Lawrence Jones MBE and Gail Jones, Manchester-based UKFast has a customer base of 5,500 UK SME clients and 200 mid-sized companies, which are served by UKFast’s 350 employees across its Manchester campus, London sales office and data centres.

          Lawrence Jones, CEO and Co-founder of UKFast said, “it has been widely reported about our ambitions to IPO. After spending time in the City meeting fund managers I learned that it is incredibly important to align yourself with people who’ve got experience in areas that you don’t.

          “When Inflexion threw their hat into the ring, alongside several others, there was an immediate connection. The Inflexion team have got an incredible reputation when they have invested pre-IPO. That reputation, coupled with their team headed up by Carl Wormald and Irina Hemmers is something that gives us great confidence for the future.

          “Growing a successful business is all about people. I am so proud of my management team and everyone who works at UKFast, when you think that they’ve grown this business from a spare bedroom in Manchester to where it is now. What’s even more incredible is the potential we have to take UKFast to new heights.

          “Huge thanks to the team from GCA Altium, headed up by Phil Adams, and to Howard Gill from Cameron McKenna Nabarro Olswang. A complex deal like this can’t happen without brilliant people like these.”

          Simon Turner, Managing Partner of Inflexion added, “UKFast has proven itself as a market leader, with its Manchester campus and data centres being testament to the business’s dedication to service excellence and technical performance. Acknowledging the industry’s increasing appetite for public cloud, UKFast’s management launched ClearCloud in 2018, thereby enhancing its offering to existing clients as well as opening the door to new ones. We look forward to working with management to accelerate growth.”

        • Stay up to date - Click here and register for FREE Channel Info online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the Channel Info app

        • Related Articles

        • Konica Minolta begins new partnership with Managed Print provider Oyster

          Konica Minolta begins new partnership with Managed Print provider Oyster

          Thursday 11th Feb 2021
          Konica Minolta Business Solutions (UK) Ltd has announced its new partnership with the Midlands-based Managed Print, Document, and IT services provider, Oyster. With over 20 years’ industry experience, Managing Director at Oyster, Richard ...Read More...
          EPOS ADAPT headsets certified for Google Meet and Voice

          EPOS ADAPT headsets certified for Google Meet and Voice

          Monday 11th Jan 2021
          EPOS – part of the Demant Group has announced that its ADAPT 360, ADAPT 460 and ADAPT 560 headsets have been certified for Google Meet and Google Voice. This offers business professionals rich, natural sound and Active Voice Cancellation for in...Read More...
          Agilitas opens European logistics hub

          Agilitas opens European logistics hub

          Monday 11th Jan 2021
          Agilitas IT Solutions has launched its new European logistics hub in Amsterdam, the Netherlands. The facility was opened as a result of Agilitas’ commitment to ensuring its customers and partners are provided with continuity of service fol...Read More...
                • About Us

                  Channel Info is the leading source of business news and information for the office dealer and reseller market. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, supplements, website, digital editions, apps, newsletters and bespoke communications with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the team behind Channel Info has over 60 years experience collectively in the office products, furniture, equipment and technology markets Channel Info continues to develop and adapt in order to meet the changing information needs of its readers.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue