Pagabo Group

Park Place are delighted to have advised the co-founders and management team of the Pagabo Group on their secondary MBO backed by LDC. This transaction facilitates the exit of Maven Capital Partners who backed the business in 2021.

The Hull-based group provides market-leading software-as-a-service solutions and services for the built environment 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, a 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 stable of brands is perfectly positioned to support organisations at every stage of the procurement and construction management process providing a uniquely integrated product and service offering from contract award through to completion.

As part of the transaction David Brennan, highly respected technology entrepreneur and Non-Executive Chair of our fellow client Nexus Vehicle Rental, will join the board as Non-Executive Chair.

Simon Toplass, CEO and Co-Founder of Pagabo Group commented “The advice received from Park Place has been invaluable throughout the process. They presented the situation extremely clearly and in a format the team were able to digest, often highlighting items we would have overlooked. Richard has become a trusted partner and will continue to support us through this next investment cycle.”

Richard Firth commented “It’s been a real pleasure to support Simon, the team and an exciting business through this process. As majority shareholders, the co-founders and management team had multiple hats to wear throughout the process and it’s a privileged position to help them balance their objectives and responsibilities. I look forward to following the continued success of the business as it capitalises on a unique offering and delivers an ambitious growth strategy.”

 

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