Maven Capital Partners has led a £12m investment in Salford Quays-based Lima Group.
The investment will be in its Lima Networks and Data Centre UK companies.
“As technology advances and customer requirements evolve, IT innovation is becoming more imperative to the success of an organisation and its future growth,” explained Ryan Bevington, Investment Director at Maven.
“LIMA Group is enabling its clients to gain a competitive advantage by designing and implementing IT solutions which match their organisational structure and business objectives. The market drivers for this type of specialist and highly technical service are overwhelmingly positive and Maven are excited to support the Group’s Senior Management Team on the next phase of their growth journey.”
The deal includes an equity raise from Maven Investor Partners, a syndicate of institutional, family office and high net worth investors, alongside debt funding provided by CYBG.
Lima said that the investment would be used to grow its cloud and managed service offerings, as well as undertake “selective acquisitions.”
“We are extremely proud of our reputation which is thanks in no small part to a hard-working team, our unparalleled technical expertise and the refusal to compromise on quality customer service,” said Lisa Thornton, CEO and founder of LIMA Group.
“Maven’s investment solidifies our position as we now seek to broaden our portfolio and expand the business through a combination of organic growth and strategic acquisition, thereby underpinning our ambition to become the ‘go to’ cloud and managed service provider.”
