Centric acquisition by Adapt

Alcuin Capital Partners announced today that Adapt had completed the acquisition of Centric Telecom, making it one of the UK’s specialist providers of internet access and co-location to the SME market in London. Centric was previously owned by Alchemy, the leading private equity firm.

Adapt is a Managed Services company specialising in co-location, data-hosting and other telecoms services.

Adapt resells high quality co-lo capacity on behalf of Level3, Global Switch and BT to 1,000+ growing SME companies in the London area.

Alcuin originally invested in Adapt in June 2006 to support the management buy-out of the business from the Margolis Group. Since the MBO the company has grown very strongly and was ranked 25th in the 2007 Techtrack 100 survey compiled by the Sunday Times.