Management close 4Projects deal

4Projects, a developer of project management software for the architecture, engineering and construction industries, has been bought by its management.

The buy-out was led by Richard Vertigan and Steve Nelson, who bought the company for an undisclosed sum.

Vertigan and Nelson were backed by August Equity with funding also provided by Kaupthing Singer & Friedlander’s Corporate & Structured Finance business.

Kaupthing Singer & Friedlander’s team was led by Jamie Szpiro and Oliver Thomson, who provided senior debt, working capital and hedging facilities.

Szpiro said this deal continues the firm’s on-going relationship with August Equity. “4Projects is a successful business with an entrepreneurial and imaginative management team and we look forward to supporting them in achieving their future plans.”

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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Project management