Bowmark Capital, the mid-market private equity firm, has agreed to make an investment in Xperience, a leading provider of IT services specialising in digital transformation. The transaction is subject to regulatory approval.
Xperience provides end-to-end digital solutions across a wide range of services, including managed IT, cloud, business applications and cyber security. With offices in Lisburn, Bury St Edmunds, Glasgow, Peterborough and St Neots, it supports over 800 small and medium-sized companies and employs more than 170 people.
The company is delivering double-digit revenue and profit growth and, since 2021, has also completed the successful acquisitions of two complementary IT solutions businesses, Green Duck and Riverlite. Xperience’s partnership with Bowmark will facilitate both organic and acquisitive growth, and enable the more rapid expansion of its services in high-demand areas such as cyber security.
With the ongoing drive towards digital transformation, the widespread adoption of cloud services and the increasing challenge of cyber threats, more and more SMEs are seeking a strategic IT partner that can provide a integrated business solution. As a Microsoft Gold Partner, Xperience offers a comprehensive managed service that enables its customers to improve the effectiveness and efficiency of their businesses.
Tom Elliott, Partner at Bowmark, said: “Xperience’s impressive performance has been driven by its exceptional customer service, deep technical capabilities and investment in its people. As a result, it has become a highly trusted partner to its clients and we are delighted to be supporting the Xperience team in their next phase of its growth.”
Xperience Chief Executive Iain O’Kane commented: “Bowmark’s track record in our sector, and their understanding of what we are seeking to achieve, made them a natural partner for our business. Our vision is to grow Xperience into one of the UK’s leading managed IT service providers and we look forward to working with Bowmark to achieve this goal.”
Bowmark Capital is a leading private equity firm that invests in technology and services companies valued at up to £300 million. Established in 1997, we manage and advise funds of over £1.7 billion and have made more than 50 investments.
With our strategic support and capital, we work in partnership with management teams to accelerate growth and build exceptional businesses.
Bowmark Capital LLP is authorised and regulated by the Financial Conduct Authority.
Xperience helps SMEs across the UK streamline processes, strengthen data security, create a data-driven culture, and connect people anytime, anywhere through digital transformation.
Designing solutions based on an in-depth understanding of the client’s vision and strategy means that Xperience accelerates the growth of SMEs using the latest technologies across ERP, CRM, business productivity, cyber security, and its own state-of-the-art Cloud platform.
With over 800 clients and 170 staff across five offices in Lisburn, Peterborough, Bury St Edmunds, St Neots and Glasgow, Xperience has deep industry expertise across construction, distribution, manufacturing, service management, legal, finance, and not-for-profit sectors.