Clearwater International advises Incremental Group on raising debt facilities to support its acquisition of Adatis

Clearwater International has advised Dunedin-backed Incremental Group, a digital services provider, on raising debt facilities to support the acquisition of Adatis, a data analytics business. The acquisition will deepen Incremental’s capabilities and reach in the attractive data analytics market.

Incremental now employs 350 employees and closed out the half-year to September 2021 with pro forma revenues of £18.5m (€22m) and EBITDA of £4m (€5m).

Incremental helps public sector, not for profit and commercial organisations digitally transform with Microsoft technologies. It is in the top tier of Microsoft Dynamics partners worldwide and has supporting Microsoft Power Platform, Modern Workplace and Azure services. Its customer base includes Admiral Insurance, Virgin Money, National Highways and the NHS.

With offices based in London, Surrey, Bulgaria and India, Adatis specialises in advanced data analytics, from data management strategy and consultancy to managed services. It is a Microsoft gold partner for a number of competencies including data analytics and data platform.

Debt facilities were raised by HSBC and HSBC Asset Management and will support the Group on its continued pursuit of strategic acquisitions.