Bridgepoint's BigHand bolts on DWR

The transaction was entirely financed by debt provided by RBS and Barings.

Bridgepoint Development Capital acquired BigHand from LDC for £49m in May 2012 deploying capital from its Bridgepoint Development Capital II Fund.

Following the acquisition, BigHand plans to further develop its software product suite and bolster its growth in the North American market.

Company
Founded in 2013 and headquartered in London with an additional office in Canada, DWR provides software to help legal clients streamline their reporting and KPI monitoring, as well as pricing and resource management. The company offers two products: Quantum, a financial business intelligence software with intuitive self-service, role-based dashboards and reporting environment; and Evaluate, a matter pricing, budgeting and tracking software.

People
BigHand – Ian Churchill (CEO).
DW Reporting – Dan Wales (managing director).

Advisers
Acquirer – Ropes & Gray (legal); Marlborough Partners (debt); EY (financial due diligence, tax).

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• Topics
• Portfolio management
• UK / Ireland
• Technology
• Bridgepoint
• EY (Ernst & Young)
• Ropes & Gray
• Marlborough Partners
• Build-up