A New Investor for Kerv

Published 25/01/24 under:

We are delighted to announce a new investment partner to help fund the next part of Kerv’s story – to continue our investment in our organic growth initiatives, both through scaling up and innovation, and also funding further acquisitions to add to our capability and reach.

Our new investment partners, Bridgepoint Development Capital (or BDC for short) are one of the UK’s leading private growth investors with a portfolio of almost €40bn of assets and with a presence in Europe, the US and Asia. Importantly, we have spent almost a year getting to know them, and them us, to ensure that we found the right partner to support Kerv’s distinctive approach. As a team, we have been very clear about what sort of investment partner we wanted (and indeed the sort we didn’t want) and in Bridgepoint, we think we have a new investor who will support not only our growth strategy, but also how we want to deliver that growth with a continued focus on our unique values and culture. We will be part of Bridgepoint’s £1.6 billion middle-market fund – focussed on investing in fast growing European businesses.

Our founding investment partner Lloyds Development Capital (LDC) are going to remain invested, which is great news. We really enjoyed working with the team at LDC; they played a significant role in our success, and we’re thrilled we’ve still got them alongside us for the next part of our journey.

Crucially, we want to reassure all our fellow Kervers, our customers and our partners that there will be no changes to either day-to-day operations, or to our long-term plans. It’s very much more of the same, prioritising our people and our customers and working hard to deliver for all our stakeholders. Our new investor will join our board of directors but the Kerv leadership and management teams stay exactly the same.

We’d like to thank everyone involved in Kerv’s journey so far – whether as a customer, a colleague or business partner, for your incredible support. You’ve bought into our visions to do things differently and we’re really excited to see what the next few years bring following this new investment.

If you have any questions, please don’t hesitate to get in touch with any of the Kerv team.