The agreement marks a significant milestone in CloudClevr’s strategic journey as it positions for further organic and acquisition-led expansion across the UK tech sector.
CloudClevr, the UK-based converged managed services provider backed by Rigby Technology Investments, part of Rigby Group PLC, has recently concluded a long-term financing agreement with NatWest to support the company’s next stage of growth.
The funding package provides facilities for both organic development and future acquisitions, reflecting continued confidence in CloudClevr’s strategy to deliver converged IT, communications, and cloud services to UK businesses. Clearwater acted as adviser to CloudClevr throughout the process, with financial due diligence completed by Grant Thornton, and legal advice provided by Gowling WLG.
Formed through a series of strategic acquisitions, CloudClevr has successfully integrated its operations, systems, and customer experience under one unified brand. The business now delivers a scalable national platform supported by proprietary technology, including its Clevr360 platform – providing customers with visibility, control, and insight across their IT and cloud environments.
Steve Harris, CEO of CloudClevr, said, “This marks the beginning of the next chapter for CloudClevr. Our initial focus was on bringing together the right capabilities and people to build a unified managed services provider capable of meeting modern customer needs. Having achieved that, we are now positioned for sustainable growth, combining strong organic performance with carefully selected acquisitions.
NatWest’s partnership provides the financial strength and flexibility to move confidently into this next phase, and we’re grateful to Clearwater, Grant Thornton and Gowling WLG for their support in securing this outcome.”
John Taylor, Chairman of CloudClevr and representative of Rigby Technology Investments, added, “This financing agreement underlines the strength of CloudClevr’s journey so far, and reflects the strong foundations now in place within CloudClevr driving confidence for its future. With NatWest’s support and the ongoing backing of Rigby Group, CloudClevr is well positioned to deliver on its long-term growth ambitions. Rigby Group remains fully committed to supporting CloudClevr’s ambition to become a leading UK technology services provider.”
Kim Paterson, Senior Relationship Director Large Corporates of NatWest, said “NatWest is delighted to support CloudClevr with a tailored funding package designed to accelerate its growth ambitions and builds upon our wider relationship with Rigby Group. This partnership highlights our commitment to fostering a strong relationship supporting CloudClevr at this exciting stage of its journey.”
Imran Khatib, Deal Lead UK Structured Finance of NatWest, added “This new flexible financing structure provided to CloudClevr will assist facilitating the next phase of their growth journey in carrying out strategic acquisitions alongside organic growth on their journey to become a leading UK based cloud and IT managed services provider. NatWest is proud to have partnered with CloudClevr and Rigby Technology Investments, supporting our position as a leading bank to TMT businesses across the UK.”
CloudClevr continues to invest in its core technology platforms, customer experience and service capabilities to deliver long-term value for customers, employees and investors.
CloudClevr is a UK-based converged managed services provider delivering secure, efficient, and modern technology services across cloud, IT, communications, mobile and network services. Backed by Rigby Technology Investments, part of Rigby Group PLC, CloudClevr brings together four specialist businesses under one brand to provide insight-led solutions for UK organisations.
To learn more visit: www.cloudclevr.com
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