Kerv is a leading cloud and digital services provider created in July 2020.
Kerv provides a suite of integrated cloud and digital transformation services to mid-market, enterprise and public sector organisations. The business partners with global technology leaders and tailors its solutions for customers in key industry verticals, including financial services, public sector, retail and the not-for-profit sector.
Invest and grow strategy
In July 2020, LDC backed founders Alastair Mills and Mike Ing to merge three highly complementary, cloud-based managed services businesses. LDC invested £22m in the initial transaction and, over the course of the next three and a half years, provided £20m in follow on funding to support complementary acquisitions.
In 2020 we had an ambition to create a technology business that truly put customers and employees first, recognising this is the key to long-term, sustainable growth, and I’m proud to say we’ve achieved that goal. LDC understood our vision and got behind us from the start.”
With LDC’s support, Kerv invested significantly in its technology and team to support sustainable growth and deliver its market-leading customer experience strategy.
The business maintained its people-first focus, being named a Great Place to Work-Certified™ organisation in recognition of its successful employee engagement strategy and focus on diversity and inclusion with 35% of new job roles filled by women, surpassing the UK average of 20% for women in technology.
Continuing support
In January 2024, LDC exited Kerv after Bridgepoint Development Capital invested in the business for a majority shareholding. The transaction generated an IRR of 45% for LDC.
LDC reinvested £30m to support the continued growth of the business.