Centiq Group

Target company details

Target name: 
Centiq Group
Country of Target: 
United Kingdom

Buyer details

Buyer name / MBO / MBI details: 
LDC
Country of Buyer: 
United Kingdom

How we helped

How we helped: 
Lead advisers to the shareholders
Deal team: 

Corporate finance experts David Browne and Ben Rookes of Cooper Parry Corporate Finance have advised a Nottingham IT services and software provider through a private equity investment transaction.

Nottingham-based Centiq Group is a leading IT services and software provider which specialises in the design, configuration and implementation of SAP HANA.

David Browne and Ben Rookes acted as lead advisers to the shareholders of Centiq in a transaction which saw LDC private equity firm take a significant minority stake to support the continued growth of the company.

Established in 1998 and headquartered in Nottingham, Centiq also offers its proprietary software, Monitiq, to manage and monitor customers’ IT infrastructures.

Centiq has experienced strong growth in recent years, having carved out a niche position in the SAP HANA market, building a first mover advantage during the early stages of HANA adoption which has enabled the business to build an impressive blue-chip customer base. Monitiq, which provides infrastructure monitoring and management primarily around infrastructure optimisation and capacity planning, has been developed based on Centiq’s unrivalled HANA implementation track record and experience and has been successfully sold to 100% of the business’ HANA clients to date.

The business will continue to be led by CEO and founder, Glyn Heath, alongside Sales Director, Gareth Pritchard, and a highly experienced senior management team. LDC’s investment strategy will be to partner with this high calibre team to deliver continued growth with new and existing customers and via new channels.

Glyn Heath, chief executive of Centiq Group said: “SAP’s HANA transforms the ways in which organisations can exploit the value in their growing, complex data, and this represents a substantial area of growth for Centiq.

“This is an exciting time for our business and LDC’s investment brings additional strategic support and financial backing that will help to increase the pace of our ambitious growth plans. We look forward to the future with increased confidence that we can capitalise on the large, expanding market opportunity.”

David Browne, partner at Cooper Parry Corporate Finance who led the transaction, said: “We are delighted to have completed this transaction for Centiq.”

“This investment will enable further expansion of the business and we are excited by the prospect to realise the full potential of the company.”