GCA Altium acted as exclusive financial advisor to Eque2, a portfolio company of LDC, on the sale of a 75% stake to private equity firm WestBridge.
Established in 2012 and headquartered in Maidenhead, UK, Eque2 supplies business management software to more than 2,700 customers in the construction, housebuilding and contracting industries.
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The buyout was led by a five-strong senior management team and provided a full exit for LDC, which acquired a minority stake in the company in November 2017, and other institutional shareholders.
Justin Moule, CEO at Eque2, who led the MBO, said: “GCA Altium supported us fantastically well throughout every stage of this process, and I am delighted that all of their detailed planning enabled us to identify a perfect partner in WestBridge who will help us to execute on our exciting strategy for the future.”
Adrian Reed, Managing Director at GCA Altium, added: “It has been a pleasure to work with Justin, Peter and the team. They have achieved great success to date and with WestBridge now as their partner I’m certain that Eque2’s impressive growth will continue.”
This transaction represents GCA’s 27th global property tech advisory transaction since 2017, reflecting our leading position in this space.
GCA Altium is the European business of GCA, a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 500 employees in 25 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks.
For further information about GCA Altium, please visit www.gcaaltium.com