Managed service provider CSI Group has been acquired by global investment firm Permira Credit, who previously had a minority stake in the firm.
CSI delivers cloud, data management and cyber security services to highly regulated industries. Founded in 1983, CSI is headquartered in Birmingham, UK, with other offices in both the UK and North America.
“The new ownership of the company will allow CSI to continue investing and evolving as the world gradually recovers from the pandemic and navigates an uncertain economic climate,” said CSI.
Following the change of ownership, Simon Fisk will be stepping down as group CEO. In addition, Alan Watkins will resume the role of executive chairman, with Kevin Lewis returning as group chief financial officer.
Watkins said: “We are very pleased to have completed the refinancing arrangements of CSI and are particularly grateful to the efforts of Permira and NatWest in continuing to support the business.”
He added: “At a personal level, I am delighted to be able to take the helm of this great company as it continues to grow and prosper over the coming years.”
