BGF injects £10m into Roc to support CCM bolt-on

In addition to the bolt-on, Roc will also use the fresh capital to invest in its operations and infrastructure, as well as pursuing potential future acquisitions.

Following the investment, CCM founders Tim Bretman and Danny Hargest will remain with the consolidated business and join the Roc management team. BGF investment director James Austin will take a seat on the company's board.

The GP carried out the investment via its Bristol and Reading offices.

Company
Headquartered in Newbury, Berkshire, Roc was founded by Matt Franklin and Steve Shirley in 2013. It is an IT infrastructure and consultancy business serving private and public organisations.

CCM is headquartered in Chelmsford, Essex, and was founded in 2008. It oversees digital transformation projects for the commercial, public, legal and higher education sectors. It recently worked on a project for Gatwick Airport.

People
BGF – James Austin (investment director); Alex Snodgrass, Daniel Tapson, Jack Teasdale (investors).
Roc Technologies – Matt Franklin (CEO); Steve Shirley (COO).

Advisers
Equity – KPMG (corporate finance); Osborne Clarke (legal); Crowe Clark Whitehill (financial due diligence).
Company – Grant Thornton (corporate finance).

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

• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• BGF (Business Growth Fund)
• Build-up
• Acquisition finance