Chiltern has completed an investment in Perfect Image Limited (“PI”), an IT services group that designs, develops and delivers end-to-end cloud-based IT solutions for UK mid-market customers in order to support digital transformations and enhanced business efficiency.
Based in Newcastle and founded in 1991, PI has successfully grown its customer base and service capabilities and is now a trusted IT services partner to over 220 UK-based mid-market companies. The company provides solutions from best-in-class technology vendors for which it operates as a leading channel partner. PI’s breadth of capabilities includes outsourced IT support, complex cloud and hybrid infrastructure services, and delivery of data visualisation / business analytics applications.
Chiltern has taken a majority stake in the company and will play an active role in supporting Rob Hankin (CEO) and Andy Smith (Sales & Marketing Director) to accelerate growth. As part of the transaction, Andrew Robson (founder) will move to a non-executive position and Tom Kelly join the Board as Chairman.
Rob Hankin, CEO, commented: “I am very pleased to be working with Thomas, Mark and the team from Chiltern. From the outset, it was clear that they understood our business and were the right partner for us. They roll their sleeves up and support us. We appreciate their direct approach, straightforwardness and they deliver. We now look forward to working alongside them to deliver our vision for Perfect Image.”
Thomas Holroyd, Investment Director at Chiltern, added: “We are delighted to be supporting Rob, Andy, and the rest of the Perfect Image team at such an exciting time for the company. PI is well-positioned in an expanding market which is supported by strong structural trends towards cloud-based services and the application of data analytics. We look forward to working closely with the ambitious team and Chairman during the next phase of the company’s growth.”
Thomas Holroyd and Mark Coronato of Chiltern will join the Board.