GCA becomes part of Houlihan Lokey


Transaction Details

October 19, 2020


Technology, Software, Tech-Enabled Services, Business Services

Deal Type

Mergers and Acquisitions

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GCA Advises Graphite Capital on the Acquisition of a Majority Stake in Ten10

GCA advised Graphite Capital, a leading UK mid-market private equity specialist, on the acquisition of a majority stake in Ten10, a leading quality engineering and software testing consultant in the UK, from Livingbridge.

Ten10 employs approximately 300 staff across offices in London, Leeds and Raleigh, North Carolina and has a large and diversified customer base of approximately 100 mid-sized and blue-chip organizations across the financial services, retail, legal and public sectors. Ten10’s services help customers manage the commercial and financial risks involved in developing, implementing, upgrading and integrating software to enable them to comply with regulatory change, support business growth, increase customer satisfaction and reduce costs.

Using market-leading tools and methodologies and wide-ranging specialty consulting expertise, Ten10 provides clients with a flexible and cost-effective resource on a project, outsourced or in-sourced basis. The firm has an established, award-winning academy which provides graduates with industry-leading training in business analysis, software testing and quality engineering.

Ten10’s management team is led by Chris Shaw, who has repositioned the business and overseen a period of strong growth since his arrival as Chief Executive in September 2017. The management team has reinvested a substantial percentage of their proceeds into the business as part of the deal.

Chris Shaw said: “We have known Graphite for a long time and believe they will be great partners for Ten10. Graphite has a strong track record of supporting technology-enabled businesses to become leaders in their sectors. Their expertise will be invaluable as we develop new tools and products and accelerate our international expansion.”

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