Graphite Capital snaps up Digital Space from Horizon Capital

In the year to December 2021, Digital Space generated revenue of £57.4 million. 

  • Digital Space provides an integrated connectivity, security and hybrid cloud managed service
  • Digital Space completed four strategic acquisitions under Horizon’s ownership
  • Horizon Capital acquired Digital Space in 2017

Graphite Capital announced it has agreed to back the management buyout of Digital Space from Horizon Capital.

Headquartered in Newark-on-Trent in the UK, Digital Space provides an integrated connectivity, security and hybrid cloud managed service, underpinned by its own datacentres, core network and network operations centre. The company has 5,700 customers across the retail, financial and professional services, manufacturing and construction, hospitality and leisure sectors. In the year to December 2021, it generated revenue of £57.4 million.

London-based Horizon acquired Digital Space in 2017. During the ownership period, the company completed four strategic acquisitions. In 2021, the company rebranded from Timico to Digital Space.

“Digital Space has the potential to be a highly differentiated player in this growing and resilient market, driven by high-quality provision of critical services to private and public sector organisations in the UK,” said Humphrey Baker, senior partner at Graphite Capital.

“Graphite’s expertise in the IT managed services market will prove invaluable as we strengthen and expand our core services, said Neil Muller, CEO of Digital Space. “We see exciting opportunities for further acquisitions and consolidation in the market. We are also looking to develop targeted sector-specific propositions and to build on our partner relationships.”

Graphite Capital, headquartered in London, is a private equity firm focused on mid-market leveraged buyout investments, primarily in the UK.