IT firm PTS Consulting accepts £4m BGF investment
BGF invested £8.7m of capital in London headquartered PTS Consulting Group (PTS), a global IT Consulting and Project Management company in October 2013.
Established in 1983, PTS operates from 17 strategically located offices, enabling a ‘follow the sun’ service from Australia, through Asia, the Middle East, Europe and America.
PTS’s clients, which include 17 of the top 20 global investment banks as well as more than 30 Fortune and FTSE 100 companies, have mission critical, multi-territory IT project requirements and PTS has the local knowledge and world class skills to supplement their in-house teams. This project activity has resulted in PTS helping its clients move into some of the world’s most iconic buildings such as: the Willis Tower in Chicago, the Abu Dhabi Stock Exchange, the International Commerce Centre in Hong Kong and the Mori Tower in Tokyo. In London, PTS is working with companies moving into 122 Leadenhall Street (the ‘Cheesegrater’), 20 Fenchurch Street (‘the Walkie Talkie’) and 30, St Mary Axe (the ‘Gherkin’). PTS also provided Audio Visual and Multimedia expertise for The Shard Viewing Gallery and the London 2012 Olympics Aquatic Centre and Velodrome. In total, PTS has worked in 80 countries and 320 cities.
PTS has recently invested in its Data Centre service, developing a consulting and market-leading accreditation platform, STARS, which has driven significant growth in the business. Data Centre projects have included supporting a global online retail and distribution company with an assessment of its Data Centre capability and working with a leading US financial institution to define its global Data Centre strategy.
CEO Kevin Perrett originally led an MBO of PTS in 1990 when it operated out of one London-based office with just eight employees. Since then, it has developed a presence in 10 countries employing 400 people, and has delivered 11,000 projects for 4,500 clients. The business is on track to generate revenue of almost £40m in 2013.
BGF’s investment will fund geographical expansion, in particular in North America, accelerate the development of STARS, and allow PTS to recruit additional high calibre staff. Funding will also be available for strategically relevant acquisitions.
Rob Pinchbeck has joined the Board as Chairman. Rob has extensive international business experience developed during a 40-year career in the oil and gas industry, latterly with Petrofac where he founded and led the Operations Services division and subsequently served as Group Director of Strategy. Rob previously acted as Chairman of Sparrows Group, and currently is a non-executive Director of IGas plc, Enteq Upstream plc and Severn Energy International.
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