FPE-backed Optimity acquires Pebble IT

Optimity made the acquisition using a mix of new equity from FPE funds and debt provided by Clydesdale.

FPE acquired a majority stake in Optimity in June 2016 and is currently investing from its FPE Fund II, which closed on £100m in October 2017.

The acquisition is intended to help Optimtiy grow in its product areas of managed IT services. Pebble IT’s managing director David Osen will join the Optimity team as chief information officer.

Company
Pebble IT is a managed IT services provider that offers services to UK-based and global SMEs. Founded in 2006, the company is based in London.  

People
FPE Capital – David Barbour (managing partner).
Optimity – Leeland Pavey (CEO).
Pebble IT – David Osen (managing director).

Advisers
Acquirer – RS Corporate Finance (financial due diligence); Stephenson Harwood (legal).

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

• Topics
• Expansion
• UK / Ireland
• Technology
• Buy-and-build
• Build-up
• United Kingdom