GCA Altium advises Eque2 on the sale of a 75% stake to 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.
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.