GCP acquires minority stake in Infinity Works

The transaction is the seventh investment made from GCP's fourth fund, which makes hybrid debt and equity investments of £5-30m.

Infinity Works generated an operating profit of £3.4m from a turnover of £20.3m in the year ending in August 2018, according to publicly available documents. However, a statement issued by GCP said the business anticipates revenues of around £30m in the current financial year.

Infinity Works will pursue an organic growth strategy following the deal, with GCP stating it is looking to capitalise on increasing demand for digital product development and digital transformation consultancy services.

Company
Founded in 2014, Leeds-headquartered Infinity Works provides consultancy related to enterprise software and IT. Its clients include healthcare providers, supermarket groups, leisure companies, delivery companies and financial institutions.

People
Growth Capital Partners – Alex Thomson (investment director).
Infinity Works Consulting – Paul Henshaw (founder, director).

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• Topics
• Buyouts
• UK / Ireland
• Technology
• United Kingdom
• Growth Capital Partners (aka Close Growth Capital)