Bridgepoint backs Digica MBO

The specialist IT infrastructure and management services provider has been bought out from DCS in a £21m deal.

Digica, which provides managed and outsourcing services to users of mid-range IT platforms, has been acquired by Bridgepoint Capital following a £21m management buyout from its owners UK-based IT services conglomerate DCS Group Ltd.

Established in 1998, Digica has current revenues of around £25m derived from facilities management and consultancy services. Its clients include CenterParcs, Dairy Crest and Northern Foods.

The potential for mid-range IT platform outsourcing is seen to be considerable with David Holme, a director of Bridgepoint Capital saying: “Given that the market for mid-range servers is expected to grow and IT outsourcing providers are increasingly able to deliver higher quality operations and bolt-on services, Digica is in a strong position to capture a large part of this market”.

PriceWaterhouseCoopers advised Bridgepoint Capital for corporate finance and due diligence work and legal advice came from Travers Smith Braithwaite. DCS Group were advised by Cameron McKenna (legal) and Close Brothers (corporate finance). DLA provided legal advice to the Digica management team.