Startups
Business: Adapt is a leading independent IT managed services provider, with a focus on co-location and data hosting, connectivity and Internet, managed services, and cloud services. We backed the MBO of MNET (subsequently rebranded as Adapt) from a family-controlled office services company. Existing management provided a material amount of equity funding to the transaction, and Core's funding was largely provided as a mezzanine loan. Core successfully exited its mezzanine investment in Adapt following the completion of a £30m acquisition backed by Lyceum Capital.
Overview
Location
United Kingdom, England, London
Employees
11-50
Total raised
$46.27M
Founded date
2001
Investors 1
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Funding Rounds 1
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Mentions in press and media 5
| Date | Title | Description |
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| Dec 12, 2012 | Adapt And Orbian Secure Second Award Victory | Companies win Cloud Project of the Year category in the Tech Success Awards 2012 LONDON – December 12, 2012 – Adapt, the independent IT managed services provider, has won the award for ‘Cloud Project of the Year’ alongside its customer Orbi... |
| Sep 20, 2012 | Adapt And OCS Group Win Gold At The 2012 Techworld Awards | Companies named joint winners of Enterprise Project of the Year category LONDON – September 20, 2012 – Adapt, the independent IT managed services provider, has become the joint winner of an award for Enterprise Project of the Year as a resu... |
| Apr 17, 2012 | Adapt Acquires eLINIA | Acquisition combines deep technical expertise and excellent customer service to offer the broadest range of bespoke IT managed services LONDON – April 17, 2012 – Adapt, the independent IT managed services provider, has today announced that ... |
| Oct 4, 2011 | Adapt Receives £30M Investment from Lyceum Capital | Adapt, a London, UK-based managed IT services provider, has received a £30m investment from Lyceum Capital. Founder Peter Knight has reinvested alongside Lyceum. The company intends to use the proceeds to grow organically and through acquis... |
Reviews 0
FAQ about Adapt
When was Adapt founded?
Adapt was founded in 2001.
How much funding has Adapt raised?
Adapt has raised $46.27M in total across 1 funding round.
What has the press written about Adapt?
Parsers VC has collected 5 articles mentioning Adapt, among them “Adapt And Orbian Secure Second Award Victory” (Dec 12, 2012) and “Adapt And OCS Group Win Gold At The 2012 Techworld Awards” (Sep 20, 2012).
Is Adapt still active?
Adapt is probably closed: its latest activity on Parsers VC dates from Jan 15, 2013.