GCP sells Infinity Works to Accenture

Infinity Works was a Growth Capital Partners Fund IV portfolio company. The fund closed on £205m in July 2017 and has made two prior realisations, Arrow Business Communication and DMW Group, according to Unquote Data.

The announcement follows Accenture's decision to acquire Edenhouse, an SAP partner, from ECI Partners. Accenture is a listed global professional services company.

Previous funding
GCP invested in Infinity Works in March 2019 as a minority partner to the founder management team. During the last two years, GCP's support and investment has enabled Infinity Works to evolve the service proposition of the business, strengthen management and significantly grow headcount, revenues, and profitability, according to a statement. 

Company
Founded in 2014 and headquartered in Leeds, Infinity Works specialises in digitally transforming UK businesses with cloud infrastructure. Infinity Works provides a range of services including data, cloud, design and research, and full-stack engineering. 

In the year ending on 31 August 2020, the business generated £50.7m in revenues. It employs 440 people.

People
Growth Capital Partners – Alex Thomson (investment director).

Advisers
Equity – Clearwater International, Carl Houghton, Richard Goldsack, Wesley Fell-Smith, Jonathan Grant (corporate finance); Addleshaw Goddard, Richard Hunt, Tom Hopwood, Charlotte Martin (legal); PwC, Will Oxley, Peter Stephenson, Simon Viner, Usman Choudhary (financial due diligence, tax).

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