Asset management firm acquires minority stake in tech consultancy
Leeds and London-based technology consultancy 6point6 has secured an investment from Intermediate Capital Group. (ICG)
ICG has acquired a minority stake in the business, valuing the company at about $100m/£72.2m.
6point6, which specialises in cyber security, opened its Leeds office in 2018. It has grown to over 200 staff since its launch, working across both public and private sectors.
The company was named in both the FT’s fastest-growing European companies list and the Tech Track 100 for driving change through innovative technologies with the likes of Clear Bank, BBC and the Home Office.
Addleshaw Goddard’s Yorkshire Corporate team advised 6point6’s shareholders on the ICG investment.
The AG team was led by Richard Hunt and included Carly Gulliver, Victoria Kierans, Charlotte Martin (Corporate), Andy Fordham and Joe Waldron (Banking), and Martin Griffiths, Cat Concannon and Jade Chan (Tax)
Hunt said: “6point6 is a fantastic business with an exceptional management team which has been demonstrating strong growth in recent years.
“This investment from ICG will help to accelerate their continued growth – especially as they launch into Europe and North America.
“We are delighted to have been able to advise the founders and management, utilising our experience in the sector, to get this deal across the line.
“This transaction continues an excellent run of deals closed by the AG corporate finance team this year, especially in the Digital & Technology sector, further establishing our national reputation advising founders and entrepreneurs in the sector.”