Celerity Expands with Silverstring Acquisition
Deal News | Jul 02, 2025 | Business Growth Fund (BGF)
Business Growth Fund (BGF)-backed Celerity has completed the acquisition of Silverstring Limited. This strategic move follows Celerity's earlier acquisition of Chilli IT in May 2024. The acquisition of Silverstring is aimed at increasing the company's market presence and enhancing its service offerings in the IT sector. As a result of these acquisitions, Celerity's total turnover exceeds £50 million, supported by a team of 94 employees.
Sectors
- Information Technology
- Private Equity
Geography
- United Kingdom – Both Celerity and Silverstring Limited are based in the UK, reflecting the geographical context of the acquisition.
Industry
- Information Technology – Celerity and its new acquisition, Silverstring Limited, operate within the IT industry, focusing on enhancing IT solutions and services.
- Private Equity – The involvement of Business Growth Fund (BGF) in supporting acquisitions such as this highlights the role of private equity in facilitating growth for portfolio companies.
Financials
- £50 million – This is the combined turnover of the newly expanded business after the acquisition of Silverstring and previously Chilli IT.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Celerity | Acquiring Company | Company | An IT company backed by Business Growth Fund (BGF) focused on expanding its services and market presence. |
| Silverstring Limited | Target Company | Company | An IT company providing solutions, recently acquired by Celerity to enhance capabilities. |
| Business Growth Fund (BGF) | Private Equity Firm | Company | A UK-based private equity firm providing financial backing to Celerity for strategic acquisitions. |