Alantra acted as lead advisor to the shareholders, including Lyceum Capital (now known as Horizon Capital), on the sale of Adapt, the award-winning managed infrastructure services provider and cloud integrator
Alantra acted as lead advisor to the shareholders, including Lyceum Capital (now known as Horizon Capital), on the sale of Adapt, the award-winning managed infrastructure services provider and cloud integrator. The company has been sold to Datapipe (Datapipe since sold to and rebranded as Rackspace), a US-based pioneer of managed services for private, public and hybrid cloud platforms.
Adapt is a leading UK managed cloud services provider and integrator enabling customers’ digital evolution. The business takes a transformative, application-led approach to cloud that makes it easier for customers to change and innovate securely. Specialising in agile hybrid solutions that deliver the best of public and private cloud as a single service, Adapt serves a wide range of organisations including Greencore Group, The Cabinet Office, Interflora and Steinhoff.
Lyceum first invested in Adapt in September 2011, acquiring a majority stake in a £30 million transaction. Lyceum had a clear vision and transformational strategy for the business and backed new Chief Executive Stewart Smythe to deliver it. Under Lyceum’s ownership and Stewart’s leadership, Adapt has successfully transformed from a reseller of data centre colocation and connectivity into a high growth managed hosting provider and cloud integrator for business critical applications. Headquartered in London, the business has operations in Cardiff, Ipswich and Leeds.
Datapipe is recognised as the pioneer of managed services for public cloud platforms. Gartner recently named Datapipe as a leader in the Magic Quadrant for Cloud-Enabled Managed Hosting and Abry Partners, the lead investor in Datapipe, has tracked Adapt’s transformation since 2012. As part of the sale, Stewart Smythe will remain with the business and lead Datapipe’s European Operations.