Frog divests GB Group

Frog became the company's largest shareholder in 2009, buying shares for 20p apiece. At the time of writing, GB Group's share price stood at 96.5p.

Over the investment period, GB Group's revenues grew from £19m in 2008 to £39m for the year ending March 2013.

With Frog's support, the company made three add-on acquisitions, including the purchase of AIM-listed Capscan Parent for £11.2m in November 2011, which was primarily funded through a share placement. Frog also appointed David Rasche as the company's chairman, and transferred the group from the main market to AIM.

Company
Specialising in identity intelligence, GB Group aids companies to recognise and verify all elements of an individual's identity at every interaction. Clients include O2, Laura Ashley, HMRC, BBC TV Licensing, Ordnance Survey, Lloyds TSB, Betfair and Ladbrokes.

GB Group's identity services include "register and verify", a software service for customer registration and the remote verification of individuals and businesses; "cleanse and engage", a software that provides up-to-date identity information; "employ and comply", which provides background checks through online verification; and "trace and investigate", a software that provides up-to-date snap shots of the UK population, properties and businesses.

The company was established in 1989 and is based in Chester. It employs in excess of 350 people.

People
Mike Reid is managing partner at Frog. Richard Law is GB Group's CEO.

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