RJD completes sale of ISG

RJD Partners (“RJD”) is pleased to announce that the sale of its investment in portfolio company ISG Technology (“ISG”) has completed via a secondary buyout, valuing the Company at £10.5m. The sale of ISG represents the final realisation from RJD’s first fund, RL Private Equity Fund I.

RJD has worked with management to develop ISG’s reputation for expertise in large scale Wifi installations across a wide range of UK-based blue chip organisations. Under RJD’s ownership, a strong platform and market position has been established, with a loyal customer base and revenue visibility. The business is well-positioned to take advantage of expected growth in the Wifi connectivity market as organisations seek to drive efficiencies while maintaining quality of customer experience.

RJD Partners has extensive experience of investing in the business services sectors, including its successful investments in Ipes, Teaching Personnel and Translinc. RJD is in the process of investing its third fund (RJD Private Equity Fund III), with two investments made to date in Burgess Marine, a marine engineering services business, and Babington Group, a market leading skills and apprenticeship training provider.

Richard Caston and Jill Williams worked on the realisation for RJD.

RJD and the other shareholders were advised by Grant Thornton (Duncan Lamb, corporate finance) and Osborne Clarke (Mark Spinner and Mark Saunders, legal).