Telecoms and IT Provider Aspire Secures £200m UK Investment Boost
Managed IT, cybersecurity and business broadband provider Aspire Technology Solutions has this morning announced news of a major new investment from existing private equity investor LDC and new minority co-investor Federated Hermes, which will take the business to a £192m valuation (up from £85 million in 2022).
LDC is said to have reinvested for a significant minority, alongside new minority co-investor Federated Hermes. In the three years since LDC’s original investment in 2022, Aspire has seen revenue grow 158% and headcount increasing 55%. The company has also expanded its UK reach and completed two strategic acquisitions. “This latest investment positions Aspire to accelerate its plans and advance toward its £100 million revenue target for 2030,” said the announcement (revenues for the year ending Feb 2025 increased by 28% to £50.9m [FY24: £39.6m]).
The company, which currently supports more than 2,000 organisations and over 30,000 end users across the UK, now expects revenue of £71.2m and £13.5m EBITDA in the current financial year. The value of the business is thus said to have now risen from £85m in 2022 to £192m today.
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Chris Fraser, Founder and CEO of Aspire, said:
“This investment marks an important new phase for Aspire. Our growth has always been driven by a clear focus on our customers and on delivering innovative solutions with exceptional service. That focus has set us apart and it remains the foundation of everything we do.”
LDC has supported our ambition since 2022 and their continued partnership as a lead investor, now alongside Federated Hermes, gives us the platform to move forward with confidence. Our direction is clear. We will continue to scale through sustained organic growth and customer focus. This investment enables us to further strengthen our capability and deliver across the UK. We see significant opportunity ahead and we are committed to growing in a way that brings customers even greater value, service and security.”
As part of the transaction, Tim Hipperson is to step down as Non-Executive Chair after three years of contribution during Aspire’s first private equity phase, while David Murray will join Aspire as Non-Executive Chair, bringing more than 30 years of experience in supporting technology business growth.
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on X (Twitter), Mastodon, Facebook, BlueSky, Threads.net and Linkedin.
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