Bowmark Capital, the mid-market private equity firm, has sold Totalmobile, a provider of field service management software, to Five Arrows and funds managed by Deutsche Beteiligungs AG (DBAG). The transaction is subject to regulatory approval.
Totalmobile provides field service management software solutions to approximately 900 organisations, enabling over 500,000 mobile workers to deliver frontline services across the public services, healthcare, property, facilities management, telecommunications and infrastructure sectors. The company’s technology enables its customers to increase field-based workforce capacity, reduce costs, deliver better customer service, enhance compliance assurance and improve staff engagement.
Since Bowmark’s investment in 2020, Totalmobile has trebled its revenues and profits, and completed four acquisitions. During this period, the company has more than doubled the number of its employees to over 400 and has expanded internationally into the Nordics and Australia.
Bowmark was advised by Arma Partners (M&A); Stephenson Harwood (Legal); BCG (Commercial and Technology); and Deloitte (Financial and Tax). Five Arrows and DBAG were advised by Houlihan Lokey and Jefferies (M&A); Axis Arbor (Debt); Shoosmiths and Hengeler Mueller (Legal); EY-Parthenon and Alvarez & Marsal (Commercial); Deloitte (Technology); FTI Consulting and EY (Financial and Tax). Totalmobile was advised by Liberty (M&A) and Mishcon de Reya (Legal).
