Kagool makes first acquisition following £6m investment
23rd October 2020, 6:19 pm
Cowgills has advised Kagool, the industry-leading digital agency and platinum Sitecore specialist, on its acquisition of Delete UK Limited, just months after receiving a £6m investment from technology investors BGF.
Delete UK, a Digital Experience (DX) agency headquartered in Leeds, has international partners which will further expand Kagool’s global reach. The company was acquired for an undisclosed sum and the move will see Kagool significantly expand its digital expertise capability.
Commenting on the expansion of the business Dan Berry, Kagool CEO said: “The investment we secured earlier this year was a key part of our business expansion plan and has enabled us to move swiftly to acquire Delete as part of our acquisition growth strategy. The team is highly skilled with a great client portfolio which will complement our own offering. Delete holds a strong international reach which will enable us to move into new markets and achieve our mission to be one of the best Sitecore agencies in the next couple of years.”
Cowgills Sam Davies who acted for Kagool in securing the deal with Delete added: “The acquisition builds rapidly off the back of the BGF investment which our corporate finance team helped to secure following high levels of interest from numerous investors. It has enabled the management to team re-structure and to move forward swiftly with its ambitious growth plans. We’ve been advising Kagool for over twelve months, the business is well positioned to build on its current momentum to achieve continued success.”
Kagool will continue to build on its impressive revenue growth of over 50% in the past three years. This will include exploring strategic acquisition opportunities with the support of BGF’s financial backing and its M&A experience in the IT software and services industry.
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