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FinanceProvidence Equity invests in SCG, UK communications and IT provider
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Providence Equity, a private equity firm, has made an investment in SCG, a UK-based communications and IT provider. SCG serves approximately 35,000 small and medium-sized businesses across the United Kingdom, offering services such as mobile, broadband, cloud communications, and cyber security. The investment highlights continued private equity interest in the UK's SME-focused technology and telecommunications sector. The deal was reported by PE Hub, a news source covering private equity transactions. No financial terms of the investment were disclosed in the article.
Source report
SCG provides mobile, broadband, cloud communications, and cyber security services to approximately 35,000 small and medium-sized businesses across the United Kingdom.
Source: PE Hub
Source
PE HubWestern
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Providence Equity Invests in SCG, UK Communications and IT Provider