Houlihan Lokey Advises Eque2

Houlihan Lokey is pleased to announce that Eque2, a portfolio company of WestBridge, has received investment from Bowmark Capital (Bowmark).

Headquartered in Maidenhead, U.K., Eque2 is a leading provider of specialist enterprise resource planning software to the construction industry. The company provides mission-critical, cloud-based business management software solutions to approximately 3,000 customers in the U.K. construction sector (from SMB to Enterprise). Eque2’s software solutions enable customers to manage their core workflows, improve productivity, and increase margins.

Bowmark is a leading U.K. middle-market private equity firm with an extensive track record of investing in market-leading, vertically specialised software businesses. Bowmark is partnering with WestBridge, which is reinvesting as part of the transaction, to help Eque2 continue its strong growth trajectory and build its leading position in construction software through further investment in technology, new product development, and client service.

Justin Moule, CEO of Eque2, commented: “The Houlihan Lokey team have provided excellent expertise and support throughout every stage of the process. The combination of their sector knowledge, buyer insight and global reach were key to delivering this deal. We are looking forward to the next phase of our journey working with the Bowmark team, alongside the ongoing support of WestBridge to execute on our exciting strategy for the future.”

Peter Barkley, Partner at WestBridge, commented: “It has been a pleasure to work with Justin and his team over the last three years through a period of transformational change. We are delighted to partner with Bowmark to support the next phase of the company’s growth.”

Houlihan Lokey acted as the exclusive sellside advisor to Eque2. Prior to its acquisition by Houlihan Lokey, GCA advised Eque2 on its majority investment from WestBridge in December 2020.

This deal is the latest in the PropTech space for Houlihan Lokey’s global technology team, marking the fourth ConTech deal in the past 12 months, showing continued momentum in the sector.