Rigby Private Equity has recapitalized UK-based Wick Hill Group, a provider of security and information technology solutions. No financial terms were disclosed. Capstone Partners LLC advised Wick Hill on the transaction.
London, England – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised Wick Hill Group on its recapitalization by Rigby Private Equity, the terms of which were not disclosed.
Established in 1976, Wick Hill is an award-winning value-added distributor specializing in IT infrastructure solutions and headquartered in Woking, Surrey, Great Britain. Wick Hill boasts a portfolio that covers security, performance, access, networking, convergence, storage, and hosted solutions. The company recently has won a number of awards including the London Stock Exchange Group’s “1000 companies to inspire Britain.”
Rigby Private Equity Group, the private equity arm of Rigby Group Investments, was founded in 2015 to build a portfolio of high-growth potential technology investments.
Paul Eccleston, head of Rigby Private Equity, said: “Rigby Private Equity has been formed to identify established companies with both a great value proposition and plans for strong growth. Our aim is to invest in these companies, so we can support the acceleration of their growth plans. Wick Hill has been an established leader in high value distribution for more than three decades, with Ian and the team having a great reputation for service, as well as having strong plans for growth. Rigby Private Equity is delighted to be joining the team, to help achieve those plans. This is an exciting time for us, for the Wick Hill team and for Wick Hill’s customers and vendor partners.”
Ian Kilpatrick, chairman Wick Hill Group, commented: “This deal gives Wick Hill an opportunity for major growth and the chance to take our successful distribution model across Europe and the Middle East. Some of our vendors and potential vendors, as well as some of our customers, have been asking us for an international network, with our value-add model, and we will now be able to deliver that. It’s a logical next step for us and we’re very confident about the opportunities for our staff, vendors and resellers. I am looking forward to what will be a very exciting time for the company.”
John Snead, Capstone Partners Managing Director, said: “The Rigby Group is an ideal partner for Wick Hill as the firm continues to expand in Europe and remains one of the leading value-added distributors specializing in IP infrastructure solutions.”
About Capstone Partners LLC
Capstone Partners LLC is a premier investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. The firm provides corporate sale & divestiture, merger & acquisition, private placement, corporate restructuring, valuation and financial advisory services. Capstone maintains various industry specialties including Business Services, Consumer Products, Education & Training, Government Services, Health & Medical, Manufacturing & Industrial and Technology & Telecom.
Headquartered in Boston, Capstone has offices in Chicago, London, Los Angeles, Philadelphia, San Diego, Silicon Valley and Tampa with an international presence that spans 450+ professionals in close to 40 countries. For more information, please visit www.capstonellc.com.