PMSI provides CDD on LDC’s investment in Eque2

LDC has agreed to make a significant investment into Eque2, a construction software specialist headquartered in Manchester.

Eque2 supplies business management software to more than 1,400 customers in the construction, housebuilding and contracting industries. Its software enables builders, contractors, architects, engineers and estimators to integrate the commercial and financial aspects of their business, driving efficiencies and ultimately improving profitability.

The multi-million-pound investment will be used to accelerate the firm’s growth strategy and buy-and-build programme, along with funding the simultaneous acquisition of the Miracle Dynamics Payroll and HR Solution.

PMSI provided top-up commercial due diligence to support the LDC Manchester team during the transaction. John Clarke, investment director at LDC, commented: “PMSI provided a focused piece of commercial due diligence within tight timescales, which gave us confidence in the longevity of Eque2’s customer relationships and the business’s strengths from a customer perspective.”

He added: “Eque2 has become the leader in its field by offering exceptional solutions, the highest service standards and having an unwavering commitment to addressing the needs of its customers. For us, however, the deal is not just about the strength of the business and the market opportunity, but partnering with and supporting the management team to achieve their growth strategy.”