Status:

Current

Commitment:

£35m

Date of investment:

2020

Sector:

Technology services

Buy & Build:

2 completed acquisitions

“When selecting a partner, Horizon Capital stood out as a specialist investor who truly understood our business and the market we operate in. Their deep sector knowledge and experience has been crucial in supporting our ambition to become a true market leader.”

Ian CaswellCEO, Sapphire Systems

Background

Sapphire Systems is a global provider of digital operating platforms to Mid sized and Enterprise clients allowing them to accelerate their digital transition with confidence.

Sapphire delivers enterprise resource planning (ERP), digital workflow and financial management solutions and is a leading partner of major software authors SAP, ServiceNow and Infor. The business serves more than 1000 clients and employs over 250 people across global offices in the United Kingdom, United States, Latin America and Asia.

Sapphire operates in a fragmented and growing addressable market sized at £1.25bn with over 200 independent operators in the UK alone. Horizon Capital worked closely with management to develop a strategy to consolidate the sector with origination capability, M&A support, and capital to become the leading independent operator.

The Journey so far

Since Horizon Capital’s investment in 2020, Sapphire has closed two acquisitions transitioning the business to an Intelligent Digital Operations Partner that streamlines, integrates, automates, and optimises clients’ businesses. 

Horizon Capital has worked with the business to build out the management team and invest for growth, hiring a CFO, CTO and US GM, implementing a new ERP system and investing in the continued IP development of the Group. 

Buy and Build

Since the investment from Horizon Capital, Sapphire has completed two add on acquisitions, which have enhanced the Group’s capabilities and expanded the international footprint to better serve its Mid sized and Enterprise client base.

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