• Sector: Business Services
  • Location: London
  • Website: www.chaucer.com
  • Date of investment: Feb-14
  • Exit date: Jul-20
  • GCP board members: Garrett Curran, Alex Thomson

About

  • Global digital transformation and change consultancy
  • Manages technology and business change on behalf of large corporate and public sector clients
  • Founded in 1987, the business now employs over 300 people in the UK and US

Why we invested

  • Long established consultancy with 25 year track record of delivering successful projects with large blue chip corporates
  • Backing an experienced incumbent CEO and management team
  • Master service agreements and frameworks with customers
  • International operations and well established presence in the USA
  • Growing professional services market

How we are making a difference

  • Development of management reporting framework and KPIs
  • Flexible funding structure enabling attractive re-financing
  • Hands on execution support and financing of bolt-on acquisition
  • Board evolution and long-term succession planning
  • Preparing the business for a successful exit
  • In July 2020 GCP exited its investment in Chaucer through a transaction with Business Integration Partners, an Italian headquartered international consultancy in a deal worth over £60m. GCP retained a minority investment in the BIP/ Chaucer Group and the Chaucer management team remain with the business.

GCP has been an excellent partner for Chaucer over the past six years. They have proved to be supportive and flexible, often through difficult macro conditions, whilst providing the right balance of independent challenge, sector experience and hands on support as we have grown the Chaucer business. We thank them for all of their efforts and we are excited to continue the next phase of our journey with the BIP Group

Chris Laslett Co-Founder and CEO, Chaucer