PE Firm Bregal Sagemount Takes $100M Stake in Infrastructure Provider Options
The investment from the growth-focused PE firm follows a significant period of growth at Options.
Options will use the investment to “pursue strategic growth initiatives,” invest in platform innovations, and expand its reach to a further eight locations in key financial centers worldwide, officials say.
Options chief executive Nigel Kneafsey says the deal is “an endorsement of the team, services, and technology,” that Options has built since the business was founded in 1993, adding that Options has seen a rapid growth in business— almost doubling revenues and headcount between 2014 and 2016, to £36.47 million and 200 staff, respectively —driven by an “accelerated wave of outsourcing in financial services IT globally.”
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