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Momentum advises the management team of Assured Data Protection on its investment from Oakley Capital

Deal Overview

  • Independent management advisory
  • Leading private equity investor
  • Managed Services Provider focused on Backup, Disaster Recovery and Cyber Resiliency as a Service

Momentum Corporate Finance LLP (“Momentum”) is pleased to announce its latest transaction, having advised the management team of Assured Data Protection (“Assured”) a Managed Services Provider focused on Backup, Disaster Recovery and Cyber Resiliency as a Service, on its investment from Oakley Capital, a leading pan-European private equity investor. The transaction is subject to regulatory approvals.

Founded in Leeds, UK and Virginia, USA in 2016 by serial tech entrepreneur Simon Chappell and four co-founders, Assured uses Rubrik software and Assured’s own proprietary software platform to provide mission-critical backup and disaster recovery services for companies globally. Assured enhances its customers’ cyber resilience by protecting their data and ensuring business continuity, with near-zero server recovery time in the event of a significant IT failure or cyber-attack.

Assured operates in a high growth segment of the disaster recovery space which is expected to expand almost 5x over the next five years, as companies’ data architecture becomes more complex and as the prevalence and severity of cyber threats grows. Rubrik, the technology Assured leverages, provides a next generation software solution that is growing rapidly as it displaces legacy providers.

Assured has generated consistently high double-digit growth with almost 100% recurring revenues and low customer churn thanks to growing demand for its products and services. Oakley will support Assured’s management team to capitalise on strong growth in its underlying markets including the US, with a focus on providing the required capital and organisational structures to enable sustained organic growth. The five co-founders including Simon Chappell will remain invested in Assured and will continue to manage the business.

More and more companies are having to strengthen their IT and data systems in the face of increased cyber and ransomware attacks that can cripple operations. Assured is well-placed to help mitigate these risks as the partner of choice for small and medium-sized enterprises. We were looking for a genuine partner that could help us scale our business and were impressed by Oakley’s track record of helping build €1bn+ global industry leaders and equally the firm’s entrepreneurial ethos and approach. We look forward to working with the team to further strengthen Assured’s market-leading position.

Simon Chappell, Founder and CEO of Assured Data Protection

It was a pleasure to work with Simon and the team at Assured Data Protection on this transaction. They have built a high quality business and the investment from Oakley Capital will support its continued growth ambitions, including in the US market.

Momentum have a track record of advising across the whole lifecycle of private equity transactions, and this deal highlights our independent management advisory experience. Our expertise and ability to deploy senior resource makes us an ideal choice as a leading management advisor in the UK mid-market.

Alastair Boorman, Partner, Momentum