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Announced

Completed

K1 Investment and Level Equity completed a $350m investment in simPRO.

Financials

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Transaction Value£260m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Minority

Venture Capital

Cross Border

business management software

Software

Australia

Completed

Acquisition

Private Equity

Synopsis

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K1 Investment, a private equity firm, and Level Equity, a private investment firm, completed a $350m investment in simPRO, a developer of a cloud-based job management software. "This investment marks the next stage of simPRO's exciting growth journey. Our mission is to build a world where field service businesses can thrive. That mission will continue to be our focus as we accelerate our expansion and product development efforts. We'll continue adding to our suite of features and build further capabilities to support even more business owners within the global trade and construction industries," Sean Diljore, simPRO CEO.

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