Posted 11th July

Private equity firm invests in Compusoft Group

By KBBDaily on 11th July 2018 - 08:48am
money matters, compusoft, investment, private equity, ta associates, kbb, kbbdaily

Private equity firm TA Associates has invested in Compusoft, a CAD software provider for the kitchen and bathroom industry, in a deal that is expected to close in the third quarter of 2018.

Naveen Wadhera and J. Morgan Seigler, managing directors at TA Associates, will join Compusoft’s board of directors following the deal. “Compusoft is among the industry leaders in Europe, with a high-quality business model and an impressive history of sustained growth,” Wadhera said.

“We look forward to partnering with Compusoft, which fits squarely within our focus on profitable businesses with strong management teams and proprietary products and services, to help the company capitalise on its strategy and accelerate growth.”

Seigler added: “As the demand for kitchen and bathroom modeling services continues to rise, we expect interest in Compusoft’s unique offerings and capabilities to expand further across Europe and other regions.

“Importantly, Compusoft’s innovative technology provides customers with a user-friendly experience to develop fully-customized spaces to meet their individual needs and desires. With the company’s leading market position, we anticipate continued meaningful growth for Compusoft.”

Compusoft Group recently invested more than £3m in its future UK operations, opening a new “state-of-the-art” training facility, meaning that the group’s UK operations, Compusoft GB, and sister brand EQ Software are now housed in one central location with more than 65 employees.

Compusoft CEO David Tombre said: “Given our mission to create measurable added value for our customers, we believe TA Associates, with their well-earned reputation for helping businesses reach their full potential, is an ideal partner for Compusoft.

“We have enjoyed notable organic and acquisitive growth over the course of our nearly 30-year history and are confident that TA can help us build on that success. We welcome the opportunity to work with TA as we explore opportunities for continued expansion.”

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