September 23, 2018
Delta-v Capital is excited to announce its recent investment in Six Degrees, a leading cloud-led managed service provider to UK enterprises. Rand Lewis, Delta-v Managing Partner, will assume a board observer role alongside Delta-v Advisor, Ken desGarennes, who serves as Chairman of the Board.
Six Degrees is a collaborative technology partner to businesses making a digital transformation. Ranging from data and application performance management to colocation and unified communication, Six Degrees’ solutions are supported by its own data centers, network infrastructure, and cloud capabilities. The Company’s ability to deliver a comprehensive IT solution makes Six Degrees the preferred digital transformation partner for businesses across retail, legal, manufacturing, finance, and the public sector.
In partnership with Charlesbank Capital Partners, Delta-v’s financing supported Six Degrees’ acquisition of the award-winning cybersecurity services and consultancy business CNS Group. CNS’s portfolio of consultancy, compliance, and managed security services will enhance Six Degrees’ existing cybersecurity offering and management of its clients’ increasingly complex security challenges. “Existing clients want to place more of their IT estate with us, and security is a vital part of the picture,” said David Howson, CEO of Six Degrees. “CNS Group’s loyal client base, serviced by a strong management team and talented staff, provides the perfect fit to enable Six Degrees to offer a broader set of cyber security services.”
“We are thrilled to partner with the Six Degrees management team and Charlesbank as they continue to execute on their cloud-led vision,” said Rand Lewis, Managing Partner of Delta-v Capital. “The acquisition of CNS further cements Six Degrees’ leadership in today’s fragmented UK market and positions the group as the natural partner for enterprises undergoing a digital transformation.”
Founded in 2010, Six Degrees is headquartered in Central London with circa 450 people spread over 5 UK offices.
About Delta-v Capital
Delta-v Capital is a leading provider of liquidity solutions and growth equity to private technology companies and their shareholders. Founded in 2009 with a focus on providing secondary liquidity to minority investors, the firm has since expanded its scope to include growth equity to support growth-stage technology companies. Delta-v manages over $500 million in capital commitments and targets between $3 and $30 million investments in technology sectors, including enterprise software, information services, cybersecurity, data analytics, cloud, and communications infrastructure. Delta-v has offices in Boulder, CO and Dallas, TX.
About Charlesbank Capital Partners
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $5 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings and also engages in opportunistic credit investments. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantage and excellent prospects for growth.