Aug 2016 GCP completes investment in Arrow Business Communications as first deal in its new Fund IV
GCP completes investment in Arrow Business Communications as first deal in its new Fund IV
Growth Capital Partners (GCP) is pleased to announce that it has completed a transaction with Arrow Business Communications, investing alongside management and providing a significant acquisition fund to enable Arrow to continue their ambitious growth strategy and further develop their strong presence in the industry.
Arrow specialises in telephony solutions for business users and offers a diverse connectivity portfolio ranging from on site and hosted telephony systems through to mobile voice, data, IT services, mobile device management and professional services.
Arrow can trace its roots back to 1995 and has over 4,000 customers including entrepreneurs, SME and multi-national organisations. Arrow supports customers from all industry sectors, however has particular expertise in the Education, Hospitality and Legal sectors.
Recent strategy has seen Arrow completing seven acquisitions in the last six years and whilst this has seen the business nearly treble in size and successfully transform from its mobile roots to a much broader based business communications supplier, the Arrow team are focused on complementing organic growth with larger acquisition opportunities which strengthen their hosted, data and IT services portfolio.
Richard Shaw, Investment Director at Growth Capital Partners commented:
“We are delighted to have completed an investment to support the exciting growth plans of the Arrow management team. With a market position supported by exceptional levels of service differentiation and a proven buy and build track record, Arrow is ideally placed to benefit from continued business communication convergence. With our funding support and technology sector M&A experience we look forward to supporting the next stage of the buy and build strategy.”
Chris Russell, CEO of Arrow Communications commented:
“I am delighted that GCP has become a major investor in our business and look forward to working in partnership with them in order to help Arrow continue to flourish. GCP has an excellent reputation for supporting SME businesses in the UK and we welcome their support, experience and enthusiasm.”