Dunedin invests in Incremental Group
Dunedin has invested in UK-based digital technology services business Incremental Group.
Dunedin will work with the existing management team to further strengthen the business through organic growth, identify and integrate acquisition targets and make further funding available to support a buy-and-build strategy.
This is Dunedin's second investment in the sector in five months. In June, it backed the management buyout of Global Processing Services.
Company
Incremental has five sites in Glasgow, London, Manchester, Inverurie and Northwich. Clients include Total, Aggreko Shelter, Scottish Leather Group and Aberdeen City Council. The business helps its clients to design, implement and manage their IT infrastructure needs, which include ERP, CRM, cybersecurity and digital applications.
Incremental was formed following the acquisitions of First eBusiness Solutions in November 2016 and GAP Consulting in June 2018.
People
Dunedin – Simon Rowan (partner)
Incremental Group – Neil Logan (CEO)
Advisers
Equity – Dickson Minto (legal); EY (financial due diligence); Armstrong (commercial due diligence)
Company – BDO (corporate finance); Burness Paull (legal)
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