RCapital exits Summit in trade sale

Summit claims it has seen a 370% growth in profit since RCapital's investment 18 months ago. The business, which reports a turnover of £47m, will remain an individual brand and keep its senior management.

The GP backed Summit with growth capital when it planned to expand its Forecaster platform as part of a move towards a more data-driven approach to retailer marketing. The investment took place in August 2015 and RCapital backed hospitality support services provider Hotelcare at the same time. 

Company
Founded in 2000, Summit is a consultancy providing online marketing technologies to retailers. With a workforce of 160 people, its client base includes Jaguar Land Rover, Peugeot, Argos and Reckitt Benckiser. The business is headquartered in Kingston-Upon-Hull and operates additional offices in London, Paris and Prague.

People
RCapital – Jamie Constable (CEO).
Summit – Hedley Aylott (co-founder, CEO).
TCC Global – Perry Valkenburg (CEO).

Advisers
Equity – Livingstone, Daniel Domberger (M&A).

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• Topics
• Exits
• UK / Ireland
• Support services
• United Kingdom
• RCapital