PORTFOLIO / NASSTAR

Delivering transformative M&A to create one of the UK’s leading ICT providers.

Sector

Technology

HQ

London, UK

Geographic footprint

UK, US, Malaysia

Sales

>£100m

Employees
700

Investment date
May 2018

Status

Current

The company

Nasstar is one of the UK’s leading Information and Communications Technology (ICT) service providers. The business provides a range of services including collaboration, cloud hosting and cyber security to help Enterprise and SME customers successfully execute their digital transformation strategies.

Headcount Growth since Mayfair’s investment

>200

Number of acquisitions since Mayfair’s investment

2

The investment

In 2018, Mayfair backed the management buyout of GCI with a plan to build a technology service champion through a combination of organic growth and M&A. This strategy has been highly successful and includes the notable acquisitions of collaboration software specialist Modality in 2019 and Nasstar PLC in 2020, a leading cloud services and managed hosting company.

 

 

As part of the integration of these acquisitions, the GCI and Modality brands were retired in 2021 as the business was refocussed around the Nasstar brand. Today, Nasstar is one of the largest ICT services companies in the UK.

Our partnership

Mayfair has supported the business in several areas including:

  • Helping to complete two highly successful acquisitions: Modality in 2019 and Nasstar in 2020.

  • Working in close partnership with management, Mayfair utilised its specialist post-merger integration capabilities to deliver synergies while enabling the cross-selling of complementary services to an enlarged customer base.

  • Mayfair used its marketing expertise to help management re-brand the business as Nasstar, collaborating to create a new brand strategy, an upgraded brand design and new brand assets.

“The Mayfair Partners previously backed me at Easynet Global Service, and I was excited to have the opportunity to work with them again. I continue to be impressed by the broad range of skills and capabilities they bring to the table and their hard-working dedication to helping us achieve our big ambitions.”

Wayne Churchill, CEO of Nasstar