CMap
Liberty advises the management team of CMap on its acquisition by ECI
Liberty Corporate Finance is delighted to announce they have advised the management team of CMap, a provider of professional services automation (PSA) software, on its acquisition by ECI, the mid-market private equity firm. The transaction provides an exit for NorthEdge, which invested in the company in December 2019.
Manchester-headquartered CMap has grown rapidly due to the fast-growing global demand for PSA software and its highly verticalised strategy. CMap specialises in the Architecture, Engineering and Construction (AEC) and consulting sectors, helping companies increase project profitability, manage staff utilisation, and forecast with confidence.
ECI will support CMap to invest in its team, deepen its presence within the AEC and consulting markets, continue its international growth, and accelerate its product roadmap to further improve its customer offering.
Liberty advised Chief Executive Officer Dave Graham and the management team on the terms of the transaction.
Thank you to Dan, Clare and Ainhoa for all their help and guidance over the transaction. It was a herculean effort to get it all done in such a short space of time, so we genuinely appreciate them pulling out all the stops to help us get an amazing result.
Dave Graham
CEO of CMap
It has been a great pleasure working with Dave, Jude, Jon and Pete, the fantastic leadership team of CMap. We look forward to seeing the team’s continued success and growth as they further invest in their product and scale in the UK and the US with ECI's support.
Dan Martinez
Partner
+44 (0) 7398 212 298
dan.martinez@liberty-cf.com