CSI secures additional investment from growth capital specialist MML to fund on-going development
It is announced that MML Capital Partners (“MML”) has invested into CSI Group, a leading UK based Managed Services provider. CSI Group has grown since its acquisition by Blackhawk Capital in 2012 to become one of the UK’s leading Managed Service providers with a focus on the mid-market. During this time, through a combination of organic and acquisitive growth, CSI has developed specialist managed services skillsets that have been successfully integrated into the Group structure. As a Platinum level business partner of both IBM and SAP, CSI is uniquely positioned to capture the rapidly growing opportunity for Cloud based services.
“CSI is committed to helping clients to Transform, Manage and Secure their business and the investment from MML will further extend our capability to support our clients” said Alan Watkins, Executive Chairman of CSI. He went on to say that “we are delighted to be partnering with MML who have invested alongside myself and Kevin Lewis (CFO to CSI Group) with both Kevin and I continuing in our current roles.” Alan concluded by acknowledging the key role played by CSI staff, saying “I know and appreciate that the success we’ve had in transforming our own business is largely down to the hard work of everyone in CSI.”
MML’s Robert Devonshire, commented, ‘’MML is extremely pleased to be partnering with CSI at such an exciting time. Alan, Kevin and the CSI team have achieved a significant amount in building a leading provider of critical Managed Service solutions to the Mid-Market. The business is extremely well positioned for ongoing growth with deep expertise across infrastructure, applications and cyber security that in combination provides for a truly differentiated offering. MML’s investment will help accelerate the development of its capabilities to benefit both existing and new clients.’’
While the new investment points to an exciting future for the group, CSI Chief Operating Officer Richard Midgley pointed out that “the day-to-day support we provide to our clients and our partners doesn’t change as a result.”
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CSI Group (www.csitltd.co.uk), an award winning Managed Services provider, was established in 1983 and has offices across the UK. CSI delivers solutions in Cyber Security, Software and Infrastructure to clients in all industries. The company specialises in the transformation of the applications and the underlying IT Infrastructure that securely supports clients’ businesses.
MML Capital Partners
MML Capital Partners (www.mmlcapital.com) is a leading pan-European and transatlantic independent investment firm with over $2.5 billion invested across 12 countries during the last 28 years. MML provides growth capital to businesses for expansion, acquisitions and recapitalisations, providing funding across a variety of situations with the flexibility to take both minority or majority positions. MML provides a clear alternative to conventional private equity, the firm specialises in structuring investments using multiple levels of capital from equity through to debt. MML has offices in the UK, US and France.