Socitm Advisory has received a £5 million investment from BGF, with the capital investor becoming a minority shareholder in the company. BGF’s investment will be used by Socitm Advisory to expand its range of services and grow its client base across local and central government and other public services.
With a strong presence in the social housing sector, Socitm Advisory provides a range of professional services covering data, technology, innovation and organisational design for projects ranging from long-term ERP transformations to broader digital and organisational change programmes.
The deal was led by Mark Nunny and Elena Kovalikhina from BGF’s Central & East growth team, with Nunny joining Socitm Advisory’s executive board as part of the deal.
Nunny said, “Socitm Advisory is a well-established transformation consultancy, having built market-leading expertise and specialist services to support its public-sector customers. We were attracted to the business by its focus on improving public services, the calibre of its people and the RoI it’s delivering to its customers.”