BGF backs Preston-headquartered Celerity in £15m deal
Summary
Hybrid cloud and IT managed services provider, Celerity, has announced a £15 million investment from the UK’s most active growth capital investor, BGF. The business leads organisations through digital transformation and modernisation to deliver greater efficiency in management and optimisation of critical enterprise infrastructure. Commenting on the deal, Chris Roche said: “In the last 19 years we have achieved sustained business growth and critical acclaim, by diversifying from provision of enterprise infrastructure to a cloud and managed services specialist across both public and private sectors. Celerity’s impressive growth has accelerated rapidly through major contract wins, with managed service revenues more than quadrupling in the last 12 months. “The management team’s track record of delivering growth, and the vast potential that exists within this market, made the company an extremely attractive investment proposition.”