Maven backs Incremental launch with First eBusiness acquisition

The deal marks the formal launch of Incremental, a Glasgow-headquartered group led by former Lockheed Martin BTS chief technology officer Neil Logan and financially backed by Maven and the Scottish Investment Bank.

First eBusiness provides a range of digital services, including enterprise resource planning, consultancy and analytics to the oil & gas, financial services and public sectors in the UK and Scotland.

Company
Incremental is a digital services platform based in Glasgow. The group was founded by Neil Logan, Stuart Kerr and Craig Donnelly, and was launched formally with the platform's acquisition of First eBusiness.

Incremental said in a statement it plans to grow revenues beyond the £20m mark organically and acquisitively, creating 140 jobs in the process.

People
Maven Capital Partners – Julie Glenny (investment director).

Advisers
Equity – Blackwood Partners (legal); Burness Paull (legal); Maclay Murray & Spens (legal); CIL (commercial due diligence); Lockton (insurance due diligence); BDO (financial due diligence, tax); Catalysis (management due diligence).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Expansion
• Support services
• Maven Capital Partners
• United International Bank (UIB)
• Scottish Enterprise