Clearwater has advised Aspire Technology Solutions (Aspire) on its minority investment from private equity firm LDC, in a transaction which values the business at €101m (£85m).
Aspire is one of the fastest growing IT managed service and cyber security providers in the UK and was launched 15 years ago by CEO, Chris Fraser. Headquartered in Newcastle, the company now has multiple offices and employs more than 200 people.
With a large network of UK customers, Aspire delivers leading technology solutions across a range of applications including cloud, connectivity, voice, technical support, and cyber security. Its full fibre network provides bandwidth speeds of up to 100 gigabits per second – some of the fastest connectivity speeds available in the UK.
The business has scaled rapidly with revenue rising to €36m (£30m) in the last 12 months of trading, growing more than 48% over the past three years.
LDC’s partnership will support Aspire’s management team, led by Chris Fraser, to pursue organic growth and acquisition opportunities. The management team is aiming to broaden the business’ suite of services and expand further across the UK.
