Palatine sells Selection for £34.8m

Following the deal, CSI plans to use Selection as a platform for further acquisitions.

Previous funding
Palatine backed Selection's £15m management buyout in December 2011, investing via its first fund. As part of that transaction, Palatine supported Selection's acquisition of hosting and disaster recovery services business Cloud Data.

Under Palatine's stewardship, Selection made a further acquisition, buying Aggregated Telecom in January 2013.

Company
Selection is an IT outsourcing business working with companies in the private and public sector to provide IT support, fully managed IT services, IT project delivery and IT advice. Clients include David Lloyd Leisure, Day Lewis Pharmacy, KPMG, Nuffield Health and Bibby Financial Services.

The Bromley-based company generates revenues of £40m and employs 300 people.

People
Selection Services – Grahame Harrington (managing director); Alan Howarth (chair); Mark Woodall (finance director).
Palatine Private Equity – Tony Dickin (partner).

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