Completion of investment into Grayce - July 2018
Founded in 2012, Grayce recruits and trains talented graduates from top universities, before they spend time at Grayce's blue chip clients during their three year programme
We are pleased to assist the founders in achieving their differing objectives from a transaction, as one exited the business, while Peter stayed on as CEO. Four individuals joined his Board in newly created roles, with a focus on building a strong team capable of accelerating the growth of the business
We are looking forward to working with the team to assist them with the next stage of growth. Both founders remain supportive investors, earning a share of any future growth, having also de-risked through the transaction
The transaction involved senior debt financing provided by Santander UK and Clearwater as sell-side advisors
In July 2020, Grayce completed its first acquisition of Doris IT. Founded in 2012, Doris IT operates a similar model to Grayce by recruiting and training candidates before deploying them into blue-chip corporates, focusing on niche IT skills.
The acquisition will expand Grayce's capabilities, offering opportunity to provide new IT skill-sets to existing and new customers.