BGF invested £5m in Pinnacle Technology Group, now known as adept4 (AD4), an AIM-listed provider of ‘IT as a Service’. The funding supported Pinnacle's acquisition of Cheshire-headquartered adept4 and the Group's long-term growth strategy.
adept4 provides ‘IT as a Service’ predominantly to small and mid-sized businesses. The Group also includes The Weston Group, a provider of business telecoms services and Ancar-B, an IT services company. Both businesses are headquartered in Yorkshire and were acquired by Pinnacle Technology in 2016.
The investment was made by BGF Quoted, BGF’s specialist team focused on listed businesses. Previous investments in AIM-listed companies include Castleton Technology (CPT), Victoria (VCP) and Styles & Wood (STY).