In June 2015 Maven and its co-investment partner Penta Capital sold the data hosting and managed services business Six Degrees Group (6DG) to Charlesbank Capital Partners, delivering a 2x return for investors. 6DG provides integrated managed data solutions linking people, places and cloud networks, leveraging its next generation network assets to deliver a fully integrated range of cloud, datacentre, connectivity and voice services.
In 2011 Maven clients joined a syndicate of investors led by Penta in the £60 million transaction which established 6DG. The business has grown both organically and through acquisition to become a leading converged managed services provider to the UK mid-market. Throughout the period of Maven’s investment 6DG to completed 13 acquisitions through a buy-and-build strategy, growing annual revenues to £70 million with annual earnings reaching close to £20 million.
When we first met with Alastair and his team it was obvious that they not only had a compelling strategy to consolidate complementary service providers in the sector, but critically had the track record and experience to deliver on that promise.
Andrew Ferguson, Partner at Maven
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