Construction software provider Once For All is set for acquisition by a US private equity firm.
GTCR has signed an agreement to acquire the compliance and supply chain management software provider from New York private equity firm, Warburg Pincus.
Financial terms of the transaction were not disclosed.
Founded in 1998 and headquartered in Basingstoke (UK), and Paris, France, Once For All is a software platform serving the construction industry, primarily in the UK and France.
The Software as a Service (SaaS) network serves more than 150,000 construction and facilities management (FM) companies.
Legal
Jefferies served as financial advisor and Latham & Watkins provided legal counsel to GTCR.
Arma Partners and William Blair served as financial advisors for Once For All and Kirkland & Ellis served as legal advisor.
Management was advised by Jamieson Corporate Finance and Macfarlanes as legal counsel.
“We will look to accelerate the company’s growth and scale through product innovation and the addition of capabilities through M&A,” said Mark Anderson, managing director and head of technology, media and telecommunications at GTCR.
Adarsh Sarma and David Reis, managing directors at Warburg Pincus, added: “We are proud to have supported Once For All through a transformative growth journey.
“A UK-only business when Warburg Pincus invested, Once For All also internationalised during our investment period, bringing its unique product suite to Continental Europe.”
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