
UK - August Equity acquires software business 4Projects
August Equity has completed the management buyout of 4Projects Holdings Ltd, a provider of project collaboration software solutions. Banking facilities were provided by Kaupthing Singer and Friedlander.
Sunderland-based 4Projects has particular strength in the architecture, engineering and construction sector. Its clients include Sir Robert McAlpine, ConocoPhillips, Microsoft, the NHS, Waitrose, E.on, Fujitsu and The Ministry of Justice. 4Projects’ solution was also recently used in the construction of the Arsenal Emirates stadium. The business has enjoyed healthy and profitable growth since inception, with year on year revenue growth for the last 6 years.
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