{"id":44104,"date":"2024-09-03T06:48:37","date_gmt":"2024-09-03T06:48:37","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=44104"},"modified":"2024-09-03T06:48:46","modified_gmt":"2024-09-03T06:48:46","slug":"macdonald-henderson-supports-rockpool-on-eight-figure-investment-in-2i-testing","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/macdonald-henderson-supports-rockpool-on-eight-figure-investment-in-2i-testing\/","title":{"rendered":"Macdonald Henderson Supports Rockpool on Eight Figure Investment in 2i Testing"},"content":{"rendered":"<p><strong>Macdonald Henderson has co-advised with global law firm Stephenson Harwood (providing Scottish corporate legal support), on London-based private equity firm Rockpool\u2019s eight-figure investment in Edinburgh-based 2i Testing, to grow its work, helping organisations to roll out complex new IT systems.<\/strong><!--more--><\/p>\n<p>2i Testing already has more than 200 staff across the UK with clients including the Home Office, Virgin Money, Abrdn and the Scottish Government\u2019s Social Security Directorate. Rapid organic growth in recent years has seen it grow to a turnover of more than \u00a320m. 2i is targeting \u00a350m sales and plans to more than double its turnover through acquisitions.<\/p>\n<p>Dave Kelly, who moved from managing director to CEO in 2022, says Rockpool\u2019s cash injection will allow 2i to explore acquisition opportunities.<\/p>\n<p>He said: \u201cWe are absolutely delighted with this investment from Rockpool who we believe are the perfect partner to help us on the next stage of our growth journey. Their support and expertise will help us to further develop our service offerings and identify acquisition opportunities to support our aim of becoming the premier quality engineering company in the UK.\u201d<\/p>\n<p>Rockpool provides funding of between \u00a35m to \u00a315m to UK-based private companies and has invested over \u00a3675m since its launch Its investment was led by Guy Nieuwenhuys and Will Beckett.<\/p>\n<p>Mr Nieuwenhuys, investment director at Rockpool, said: \u201cWe are delighted to be partnering with Dave Kelly and the 2i team as they continue their strong organic growth and embark on a buy and build journey<\/p>\n<p>\u201cWe have been impressed by their proactive investment in talented people and automation products. The business is highly innovative and takes a strategic partner approach to working with its clients. Increased digital change poses a huge risk to organisations as system failures can lead to significant financial and reputational issues for companies and their senior executives.<\/p>\n<p>\u201c2i is well-placed to support, through its focus on high-quality delivery and client service\u201d.<\/p>\n<p><strong>Macdonald Henderson are delighted to co advise with Stephenson Harwood once again, and wish Rockpool and all stakeholders in 2i Testing every success for the future.<\/strong><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-44104","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/44104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=44104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}