A team from global investment bank GCA Altium’s Manchester office has acted as exclusive advisors to the shareholders of cyber security firm Bridewell Consulting, on securing investment from Growth Capital Partners (GCP).
Established in 2013, Bridewell Consulting is an independent provider of end-to-end cyber security services, with 75 per cent year-on-year revenue growth since FY18.
Headquartered in Reading, the company has supported over 100 clients in the last 12 months alone, in industries including critical national infrastructure, financial services and central government. This successful track record is supported by a team of over 80 employees, with plans to double this figure by 2022.
GCP, an independent PE firm specialising in partnership investments with UK growth companies, will take a minority stake in the business. The investment forms part of a wider five-year growth strategy for Bridewell, which including scaling at pace in the UK and Europe, in addition to facilitating wider expansion in North America and Asia. Bridewell will also use the capital to accelerate its cyber security and managed security services, including the expansion of its Managed Detection and Response (MDR) service and its Security Operations Centre (SOC).
Anthony Young, Co-CEO of Bridewell Consulting commented: “Finding the right advisors to help us through this process was extremely important to us, we have been delighted with the success of our appointment of GCA Altium. They supported us brilliantly throughout every stage of this process and I am delighted that all of their detailed planning, hard work and support enabled us to identify a great partner in GCP who will help us to execute on our exciting strategy for the future.”
A team at GCA Altium comprising Adrian Reed, Mark Smith, Gabrielle Worrall and Matthew Jenner advised Bridewell Consulting on the transaction.
Adrian Reed, Managing Director at GCA Altium, added: “It has been an absolute pleasure working with Anthony, Scott and the wider team at Bridewell. Bridewell has grown tremendously over the last few years underpinned by its customer-centric approach and service excellence. We look forward to watching the business continue to flourish alongside its new partner, GCP.”
This transaction marks the 60th technology-related deal in the past 12 months for GCA Altium.