LDC has made a significant investment in procurement and technology specialist The 55 Group, to support its ambitious growth strategy.
The Hull-based Group provides market-leading built environment-related software and services to public and private organisations across the UK. Its offering comprises three brands including Pagabo, a procurement platform that connects private and public sector buyers to contractors via bespoke national frameworks, Loop, social value measurement software supporting the construction and infrastructure project lifecycle, and Sypro, a cutting-edge contract and risk management software solution for ongoing project management.
The 55 Group has grown rapidly in recent years following increased demand for digital solutions that support sustainable procurement practices and investment in critical UK infrastructure. It employs more than 90 people and has grown revenue and headcount by over 35% since 2022.
LDC is backing The 55 Group’s existing management team, led by co-founder and CEO Simon Toplass, as it pursues an ambitious growth strategy underpinned by further investment in its technology and services. The Group will also continue to expand its team of experienced professionals which support its clients based across the UK. As part of the transaction, Maven, a leading UK investor in high-growth businesses, will retain a small shareholding in The 55 Group.
PMSI provided CDD to support the transaction, addressing key investment themes including: an assessment of The 55 Group’s respective markets; current and forecast penetration of construction frameworks and contract management software; the competitive positioning of The 55 Group’s brands; and an in-depth customer referencing process
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