Alantra advises Bowmark on its investment in Eque2
SECTORTechnology
ServiceM&A
London – Alantra advises Bowmark, the mid-market private equity firm on its investment in Eque2, a leading provider of specialist Enterprise Resource Planning (‘ERP’) software to the construction industry. The transaction provides a partial exit for WestBridge, which invested in the company in 2020.
Eque2 provides mission critical, cloud-based, business management software solutions to approximately 3,000 customers in the UK construction sector, enabling them to manage their core workflows, improve productivity and increase margins.
Bowmark has a long-track record of investment in market-leading, vertically specialised software businesses, and its partnership with Eque2 will help the company continue its strong record of growth, through further investment in technology, new product development and client service. Bowmark is acquiring its interest from WestBridge, which has worked with Eque2 over the last three years as the company has integrated its suite of products and broadened its leadership team.
Oliver Parker, Managing Director at Alantra, added: “It was a pleasure to support Bowmark on their investment in Eque2. Eque2 has been on a phenomenal journey since the investment by Westbridge in 2020, significantly growing revenues and accelerating the migration of its customers to the cloud. Bowmark will be the ideal partners, alongside Westbridge who are re-investing, to help the business in the next phase of their growth. We wish all parties every success in the future”.
