Beech Tree invests in Transparity

The firm is currently investing from Beech Tree Private Equity Fund II, which closed on £115m in June 2017 and invests £10-40m in UK-based companies.

Transparity has plans to continue to invest and expand its service offering to include additional managed services, as well as security and voice software.

The company is expected to generate £13m in revenues in 2020 and plans to grow to £21m next year, according to a statement.

The company has appointed a new CFO as part of the transaction, Iain Slater, who was previously a partner at CBPE Capital until he became a senior advisory partner at VGC Partners in 2018. Slater will support the current management team in executing its buy-and-build strategy. Adam Rudd and Simon Hemley from Beech Tree have also joined the board as non-executive directors.

Company
Transparity, headquartered in Bournemouth, provides a full range of Microsoft cloud services to support large UK corporates and enterprises. Founded in 2015, it provides advice, implementation services and training with regard to digital transformation projects and migration to Microsoft 365 and Azure services. Transparity currently employs 60 people, generating revenues of £7.9m.

People
Beech Tree Private Equity – Adam Rudd (director); Simon Hemley (director); Luke Burns (investment manager).

Advisers
Equity – Dow Schofield Watts, Ed Brentnall, Rob Parker, Rebecca Smith (financial due diligence); DLA Piper, James Kerrigan, Christopher Wilson, Helen Tsang (legal); PwC, Nick Elliott, Catherine Kay, Callum Lee (tax); The Customer Consultancy, Charlie Bantoft (commercial due diligence); i2i HQ, Michael Finnigan (management due diligence); Bollington Insurance, Ian Muldowney (insurance due diligence).
Company – Moore Barlow, Peter Jeffrey (legal).

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• Buyouts
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