Providence Equity Partners has made a significant investment in SCG, a UK provider of communications, connectivity and IT services for small and medium-sized businesses. Providence will take a significant majority stake in the business, which serves approximately 35,000 UK SMEs across sectors including healthcare, education, professional services, hospitality and construction.

Following completion, Daryl Pile will continue as chief executive officer, while founder Paul Bradford assumes the role of president and board member. The management team will also reinvest alongside Providence. SCG's proprietary technology platforms include Surgery Connect, used by GP practices, and Evonex, aimed at small businesses and schools.

"We believe SCG has established itself as a trusted IT and communications partner to thousands of UK SMEs through their customer service, deep sector expertise and mission-critical communications infrastructure," said Michaël Vervisch, managing director at Providence. Ares Credit funds will remain as debt financing partners to SCG, having supported the business since 2018.