WestBridge and Eque2 Management Acquire Eque2 from LDC for £46.5m
December 14, 2020
WestBridge has backed Eque2’s senior management team in a £46.5m management buyout that provides an exit for LDC and other institutional shareholders. Funds managed by WestBridge invested approximately £29m for a c.75% stake; management (led by CEO Justin Moule and COO Peter Davidson) will continue to run and grow the UK-based construction software business serving over 2,700 customers.
- Buyers
- WestBridge, Eque2 senior management team (led by Justin Moule and Peter Davidson)
- Targets
- Eque2
- Sellers
- LDC, existing institutional shareholders
- Industry
- Cloud & SaaS
- Location
- United Kingdom
- Transaction Type
- Buyout
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