Smart Capital Technology Set for Growth Following Private Equity Buy-Out

March 2022

SCT Logo
Client WestBridge / Smart Capital Technology 
Sector Technology
Facility Unitranche
Team Financial Sponsors
Region South
  • PE investor, WestBridge, acquires Smart Capital Technology with Unitranche debt funding support from Shawbrook Bank

Smart Capital Technology (SCT) is an innovative IT services organisation, 100% dedicated to this channel.  SCT’s flagship Inventory-as-a-Service (IaaS) solution offers technology infrastructure support on a global basis through a comprehensive IT engineering capability and operational network.  

WestBridge an award-winning private equity house, successfully completed the multi-million-pound purchase of SCT with Unitranche funding support from Shawbrook Bank.

SCT has a reputation for service excellence with its mission critical offering being highly regarded by its blue-chip client base.

The investment by WestBridge will strengthen the foundations of SCT’s operations and provide an enhanced platform for growth moving forward.

The investment will provide the firepower we need to drive business improvements, expand the service offering and build strategic density. We are really excited by this prospect and look forward to going on this journey with all our stakeholders.

— Andy Morgan, CEO at SCT

Andy Morgan, CEO at SCT added:

“Out of all the banks and lenders we spoke with, the team at Shawbrook were personable and quick to understand the core business dynamics. The Shawbrook team were a pleasure to work with and fully supported our plans for growth."

Ed Minton, WestBridge, said:

“The team at Shawbrook were diligent, professional and passionate about the project from day one. They invested time upfront to fully understand the drivers of the business and worked with us to deliver a funding package that suited all key stakeholders. The Bank’s knowledge of both the sponsor market and the technology sector gave us the reassurance that we were dealing with the right funding partner.”

Ed continued: “As investors, we need to operate at pace. Speed, certainty and flexibility are the essential characteristics we look for in any funding solution, and it was a delight to work with Deepak and the team at Shawbrook who delivered on all three.”|

 

Deepak Parekh, Senior Director with Shawbrook’s Financial Sponsors team, said:

“We are very pleased to support the continued success and growth of SCT with funding for this strategic investment by WestBridge.

“WestBridge are experienced investors and operators with a track-record in the technology sector. It has been a hugely positive experience working with this client once again and getting to know the management team at SCT throughout the process.

“We were immediately impressed with SCT’s proposition and understood the value WestBridge could bring as dynamic financial sponsors.”

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