PORTFOLIO / NASSTAR

Delivering transformative M&A to create one of the UK’s leading B2B ICT services providers.

Sector

Tech

HQ

London, UK

Geographic footprint

UK, US, Malaysia

Sales

>£200m

Employees
1000

Investment date
May 2018

Status

Current

The company

Nasstar is one of the UK’s leading Information and Communications Technology (ICT) services providers providing Cloud, Communications and Cyber Security focused products and services to enable enterprise and public sector customers to realise their digital transformation ambitions.

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 services champion by driving organic growth and delivering accretive M&A. This strategy has been highly successful and has included the acquisitions of collaboration software specialist Modality (2019), leading cloud services and managed hosting provider Nasstar plc (2020) and connectivity and cloud specialist KCOM ICT (2021).

 

As part of a comprehensive integration programme underpinning these transformational acquisitions, the enlarged business has been refocussed around the Nasstar brand. Nasstar is now one of the largest B2B ICT services companies in the UK.

Our partnership

Mayfair has supported the business in several areas including:

  • Helping to source, diligence and complete three highly successful acquisitions: Modality, Nasstar plc and KCOM ICT (2021).
  • Working in close partnership with management, Mayfair’s Specialist post-merger integration programme delivered synergies while enabling the cross-selling of complementary services to an enlarged customer base.
  • Leveraging Specialist marketing expertise to help management successfully re-brand the entire business as Nasstar, collaborating to create a new brand strategy, 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