CVC Credit is pleased to announce that it has committed senior debt facilities to support the acquisition of Version 1, a leading digital transformation services provider in the UK and Ireland, by Partners Group, a leading global private markets firm, acting on behalf of its clients.
Headquartered in Dublin, Version 1 works with private and public sector clients on complex digital transformation programmes and is a leader with a competitive edge coming from their technical expertise, data-drive commercial model and superior customer service capabilities. Version 1 has approximately 450 clients, including blue-chip companies and central government departments, and 2,100 employees across offices in Ireland, the UK, India, and Spain.
I am delighted that we were able to secure our position as a partner for this opportunity, our third investment into Partners Group-backed companies.Andrew Davies
Moris Nachmias, Director at CVC Credit, commented: "Version 1 is a high quality business with a proven track record of above market organic growth, fuelled by its strong technical expertise and high quality management team. We are very pleased to be backing Partners Group’s vision for the future of this business, which we were able to swiftly verify through our prior institutional experience in the sector."
Andrew Davies, Partner and Co-Head of Private Credit at CVC Credit added: "I am delighted that we were able to secure our position as a partner for this opportunity, our third investment into Partners Group-backed companies. Our aim is always to partner with top-quality sponsors, businesses and management teams, and this is certainly the case with Version 1."