Newly established private equity business Kingland Capital has made its debut investment into cloud service provider Dynamic Networks.
Kingland Capital was founded by mid-market investor Paul Landsman and supported a management buyout at the Leeds-based CSP.
Former Maintel CEO Eddie Buxton is to join as Chairman and the company aims to become the fastest growing SME-focused cloud managed service provider in the UK.
Dynamic Networks has generated organic growth with revenue CAGR of over 40% between 2021-2023.
The company’s Chief Executive David Smith, who led the MBO, stated “Dynamic Networks has spent the last couple of years investing in people, systems, processes and product portfolio and this investment will allow us to support the demanding needs of SMEs.”
Landsman added: “We will help Dave and the team develop the business organically and through acquisitions over the next few years.”
As part of the MBO, Hay Wain Group invested alongside Kingland Capital.
Pictured (l-r): Paul Landsman and David Smith