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Maven generates 2x return from ProspectSoft exit

Maven Capital Partners (Maven), one of the UK’s most active investors in growing businesses, has made a profitable exit from Customer Relationship Management (CRM) software provider ProspectSoft through a sale to trade acquirer The Access Group.

Maven Capital Partners (Maven), one of the UK’s most active investors in growing businesses, has made a profitable exit from Customer Relationship Management (CRM) software provider ProspectSoft through a sale to trade acquirer The Access Group.

The sale has generated an initial 2.0x return for Maven Investor Partners, which could increase to 2.9x depending on certain conditions being met through an earn-out agreement.

The transaction represents a partial exit from the wider ProspectSoft group. However, the Zing division, a Twilio services specialist, does not form part of the exit, and Maven investors have retained their interests in Zing following a demerger of business.

Maven originally led the management buyout of ProspectSoft in 2017, to help drive commercial traction for its innovative B2B CRM platform which primarily supported wholesale, distributor & manufacturing businesses.

In recent years, ProspectSoft’s SaaS product has delivered impressive growth and now integrates with a number of leading stock management systems and ERP providers. The group has also been successful in entering new overseas markets and has a fast growing presence in Australasia.

FRP Corporate Finance acted as sell-side advisers on the deal.

 



 

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