GRAPH supports Pagabo Group as it secures investment from LDC to accelerate growth

GRAPH is delighted to have provided Commercial Due Diligence (CDD) to procurement and technology specialist Pagabo Group, as it secures investment from LDC to support its ambitious growth plans.

Headquartered in Hull, Pagabo Group provides market-leading built environment-related software and services to public and private organisations across the UK. LDC is backing Pagabo Group’s existing management team, led by co-founder and CEO Simon Toplass, as it pursues an ambitious growth strategy underpinned by further investment in its technology and services. The Group will also continue to expand its team of experienced professionals which support its clients based across the UK.

As part of the transaction, Maven Capital Partners, a leading UK investor in high-growth businesses, will retain a small shareholding in Pagabo Group.

GRAPH first worked with Pagabo Group in 2021 when they secured an initial investment from Maven’s UK Regional Buyout Fund. The business now employs more than 90 people and has grown revenue and headcount by over 35% since 2022.

GRAPH carried out a comprehensive CDD study that included quantifying the size of the Group’s addressable market (total and serviceable) and providing a detailed assessment of the firm’s competitive position and key differentiators.

The GRAPH team was led by James Tetherton and James Woolsey working alongside Simon Toplass from Pagabo Group.

James Tetherton, Senior Partner at GRAPH Strategy, said: “It has been a pleasure to witness Pagabo Group’s growth since 2021. The team have built a strong portfolio of products and services across the procurement and construction management process, which are delivering real benefits in terms of compliance, sustainability, social value, and cost savings.”

Simon Toplass, Chief Executive Officer, Pagabo Group, said: "We’ve always had a strong relationship with GRAPH and were delighted to work alongside James and the team, for the second time, as they provided us with essential support in delivering commercial due diligence.

“GRAPH's team has a strong understanding of our business, and their expertise in the digital technology space, as well as their analysis and insights of the market, were incredibly valuable during the whole process as we secured investment from LDC."  

This latest work builds upon GRAPH’s strong track record in software and data services across the built environment value chain.

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