Springboard is delighted to announce that it has advised the management team of TerraQuest on the £72m acquisition of their business from Mears Group PLC. TerraQuest is a leading digital, data and technology provider to the planning, infrastructure and property sectors across the UK. The TerraQuest Group also includes the national planning portal, facilitating the submission of all online planning applications to councils in England and Wales. The deal was led by Apse Capital, a European private equity group specialising in supporting tech-enabled B2B businesses in high growth sectors.
Geoff Keal, the Managing Director of TerraQuest said “It is fantastic that our management team is now backed by a group of highly successful investment experts. Their support and guidance will help us accelerate the growth and reach of the business, developing new solutions to maximise the benefits of a truly digital and fully connected land and property environment.”
The management team of TerraQuest was advised by Springboard Partner Simon Ward and Assistant Director Matthew Guest. Simon commented ‘It was an absolute pleasure to work with Geoff and his team – we wish them every success as they take the business forward with the support of Apse.”
Geoff Keal, Managing Director, TerraQuest
“Springboard guided my team and I through every stage of what was a new process for us. They were pragmatic, down to earth and always accessible. Without the support of Springboard we would not have achieved the deal we ultimately did.”