Funding story

ThinCats has supported Chiltern with their investment in SiXworks, a rapidly growing designer and implementer of specialist and complex IT solutions for highly secure critical risk environments within the public sector.

ThinCats funding has facilitated this investment and Chiltern will play an active role in supporting the experienced management team of Steve Rawsthorn (CEO), John Eriksen (Chief Security Officer) and Andy Hodgkinson (Chief Solutions Architect) to drive further growth of the business. Experienced private equity chair, Alan Gaby (previously Chair of Chiltern portfolio company, VIMA Group, which was successfully exited to KBR Group in June 2022) will join the Board of SiXworks as Chair.

We have got to know the Chiltern team over a number of months and it is clear that Chiltern is a strong fit for us both in terms of sector experience and approach. The new investment will enable SiXworks to execute the next stages of its ambitious plan. We look forward to continuing to deliver critical solutions for our clients and partners with support and advice from Chiltern and Alan.

Steve Rawsthorn, CEO of SiXworks

Ben Robinson, Investment Manager at Chiltern Capital, added: “We are delighted to partner with Steve, Johnny, and Andy, who have developed SiXworks into a highly respected solution provider. We look forward to supporting them with their exciting plans to expand the business further by continuing to solve some of the public sector’s most complex IT challenges.”

Neil Patel, Senior Director, ThinCats said: “We are thrilled to have supported Chiltern Capital in providing finance to support this acquisition. With Chiltern on board I am certain we will see SiXworks go from strength to strength.”

ThinCats was advised by Pinsent Masons. Chiltern was advised by JCK, CIL Management Consultants and Squire Patton Boggs. SiXworks was advised by Lincoln International and Penningtons Manches Cooper.