Literacy Capital is pleased to announce an investment into amplify5 (or the “Company”), a leading and innovative UK-headquartered business, specialising in offshoring critical business function solutions to Cape Town, South Africa.
BOOK has made an investment for a significant minority stake and provided capital to fund and accelerate further growth of the business under the founder’s continued leadership. Further financial terms have remained undisclosed.
The Company provides a range of bespoke offshoring solutions to corporates and SMEs across a variety of sectors. amplify5’s agile operating model provides a flexible offering to customers, transforming the Business Process Outsourcing sector. These solutions include customer services, finance, accounting and payroll and administration back-office services, providing its clients with cost savings, improved processes and ability to focus on their core business activity.
Founded in 2021 by Alastair Brass, amplify5 has established itself as an innovative and specialist offshoring provider, with delivery based in Cape Town, South Africa. Following the transaction, Alastair will remain at the centre of business activities in his role as CEO, driving organic growth and ensuring amplify5 continues to deliver its customer centric service offering to its impressive set of clients across the UK, Europe and the US.
Use of technology will remain at the forefront of amplify5’s business activities, allowing the business to continuously improve efficiency and service quality for clients.
Richard Pindar, CEO of BOOK’s Investment Manager, commented:
“We’re pleased to make our 25th investment since inception of the fund in amplify5, a rapidly growing and disruptive offshoring business. The investment from Literacy Capital will support and accelerate amplify5’s exciting growth plans, enabling the business to expand into additional Cape Town locations, increase capacity and strengthen its team.
We continue to believe that investing in smaller, private companies is where the most value can be added and most rapid growth can be achieved and we continually look to recycle the capital received from our existing portfolio into businesses with excellent potential. We look forward to amplify5 joining our exciting cohort of portfolio companies.”
