RJD completes sale of ISG11 October 2015
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, RJD Partners
We are delighted to have worked with Mike, James and the rest of the team at ISG. With RJD’s support, the business has diversified across a number of sectors and is today widely recognised as a specialist with a strong national footprint. We wish them well as they continue to develop the business under new ownership.
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).
The contents of this news release are intended for information purposes only. RJD Partners Limited does not provide investment advice and we strongly recommend that before making any decision to invest or engage in any investment activity, you should obtain proper professional advice. See our full terms & conditions. RJD Partners Limited is authorised and regulated by the Financial Conduct Authority in the conduct of investment business in the UK. RJD Partners Limited is registered in England and Wales No. 04245768. Registered office: 8/9 Well Court, London EC4M 9DN.