Pace Equity Limited, the long-standing mid-market M&A House is delighted to announce the completion of another successful company sale. Mandata (Management and Data Services) Limited, a leading UK provider of cloud hosted software as a service (SaaS) solutions to owners of logistics companies and commercial vehicle fleets, was sold to Synova Capital a private equity investor in UK growth companies.
Through its expert research capabilities, Pace Equity was able to generate significant interest in Mandata from a range of local and global technology businesses and private equity investors. As a result of the interest, a competitive process was run and Synova Capital emerged as the preferred bidder.
At Pace Equity we could see the significant opportunities ahead for Mandata from the day we first met with the company and are confident that with the new resources now available from Synova, it will continue its successful growth path. We wish the team at Mandata every success for their exciting future ahead.”