Telescope Advisory Partners has advised Volpi Capital and its portfolio company Moving Intelligence with customer due diligence services on the acquisition of Echoes Solutions
Telescope Advisory Partners has advised Volpi Capital, a London-based private equity investor and its portfolio company Moving Intelligence, with customer due diligence services on the acquisition of Echoes Solutions (“Echoes”), a leading French provider of fleet management and security software for the automotive industry.
Together, Moving Intelligence and Echoes form the leading European provider for smart connected vehicle solutions and serve customers in more than 10 European countries with a total of >500,000 connected cars. Echoes’ leading vehicle data solution complements Moving Intelligence’s attractive portfolio of products and services. These include secure asset tracking, sustainable fleet management and smart mobility solutions.
Founded in 2018, Echoes is a leading provider for next-generation vehicle data solutions. The company gathers the data without external hardware allowing users to gain real-time insights into the fleets they monitor. The various data points collected include localization, maintenance, fuel, eco-driving, mileage, EV status, accidents, and remote services. Headquartered in Toulon, France, Echoes has three offices across the country and a total of 50 employees across Europe (DACH, Benelux, Nordics, Spain and the UK).
CarFleet and CarLocate, two of Echoes’ main products, use the CarCollect OEM API data. The fleet management platform CarFleet, provides structured access to fleet data for geolocation, mileage, and more. The security solution CarLocate serves as a platform for stolen vehicle recovery with geofencing, immobilizers, and investigator access. These solutions are sold to over 200 car rental, shared mobility, leasing, and corporate fleet customers.
Volpi Capital is a leading specialist mid-market private equity investor in core business software, cloud and application services, and smart mobility providers in Northwest Europe. The companies acquired are typically high-growth tech-enabled B2B businesses. Volpi Capital’s investment approach is thematic, meaning that companies serve various end markets but have similar business model characteristics. The latter include B2B software that is mission-critical, has a differentiated combination of services, software and data solutions and that enables significant productivity and efficiency improvements for their customers. The investment size ranges between €25m and €100m (equity).
“We are delighted to have supported Volpi Capital on this remarkable deal and investment in one of the leading vehicle data solution providers in Europe. Volpi Capital’s extensive software expertise, strategic investment approach and precise execution capabilities together with an attractive synergy potential, now enable Moving Intelligence to become the leading European player for smart connected vehicle solutions. We look forward to the future development of this strong partnership and congratulate all three parties Volpi Capital, Moving Intelligence and Echoes on this important next step.”, says Simon Fischer, Managing Partner at Telescope Advisory Partners.