GCP exits DMW to Credera

DMW's management team, led by CEO Chris Dean, will continue in their current roles.

Credera has made the acquisition to expand its consulting and digital transformation capabilities in Europe.

DMW was a Growth Capital Partners Fund IV portfolio company. The fund has realised one asset to date, according to Unquote Data: the sale of Arrow Business Communications to MML Capital Partners.

Previous funding
GCP invested in the company in November 2019, drawing equity from the firm's fourth-generation fund, which closed on £205m in July 2017. It makes hybrid debt and equity investments of £5-30m.

Company
London-headquartered DMW is a technology consultancy specialising in the design, delivery and implementation of data and digital transformation programmes. It reported a turnover of £21.72m and an operating profit of £3.45m in the year ending on 31 March 2019. DMW was founded in 1989.

People
DMW – Chris Deana (CEO).

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• Topics
• Exits
• UK / Ireland
• Technology
• United Kingdom
• Growth Capital Partners (aka Close Growth Capital)
• Trade sale