
Sovereign Capital backs Zenitech
Sovereign Capital Partners has invested in digital consultancy Zenitech.
The firm is currently deploying from Sovereign Capital IV, which closed on £395m in August 2014 and was 64% deployed as of March 2020. The vehicle commits equity tickets of up to £50m in services companies, including business support services, healthcare, education and training.
Sovereign is backing Zenitech's founders: Christopher Lacy-Hulbert, formerly director of engineering at Yahoo; Edward Batrouni, previously senior head of technology outsourcing at Betfair and associate director at CapGemini; and Csaba Suket, formerly director of technology at Betfair.
Company
Zenitech provides consulting, technology and product innovation services with a focus on building and scaling digital products and systems. Established in 2015, the business has around 200 employees across three offices in the UK, Romania and Lithuania. The company is based in Pewsey.
People
Sovereign Capital Partners – Jonathan Thorne (director).
Advisers
Equity – James Cowper Kreston, Brad McAvoy, Stuart Williams (financial due diligence); Granta, Piers Copham (commercial due diligence); DWF, Alasdair Outhwaite, Ciara Healy, Darren Ormsby, Rebecca Gargary (legal); A&M, Dafydd Williams (tax); Vista, Peter Warburton, Jamie Oliver (insurance due diligence).
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