Bowmark Capital completed the acquisition of a majority stake in Totalmobile from Horizon Capital for $51m.

Bowmark Capital, a private equity investment firm, completed the acquisition of a majority stake in Totalmobile, a field service management software provider, from Horizon Capital, a private equity investor specialising in technology and business services, for $51m. “We have followed Totalmobile’s progress for a number of years and been highly impressed by the evolution of its business model, its innovation and leadership, and its strong record of recurring revenue growth. We believe the company is uniquely positioned to capitalise on increasing customer demand in the field services market, and are delighted to have the opportunity to support Jim Darragh and the team in the next stage of growth, as they build on their considerable achievements to date,” Stephen Delaney, Bowmark Partner.