Skip to main contentSkip to navigationSkip to search


June 2024
UK & Ireland, £100m - £500m

Liberty advises the management team of Eque2 on their acquisition by Bowmark Capital

This is the second time we have worked with Liberty team and having their current market guidance helps us deliver the best result for our management team. We particularly value their unwavering support in a fast-moving process, dealing with significant complexity and multiple stakeholders. They have helped us communicate our MIP in a clear and straightforward way to our team which aligns our interests with Bowmark for the next phase of growth.

Justin Moule
CEO of Eque2

Bowmark Capital, the mid-market private equity firm, has made an investment in Eque2, a leading provider of specialist Enterprise Resource Planning (‘ERP’) software to the construction industry.  The transaction provides a partial exit for WestBridge, which invested in the company in 2020.

Eque2 provides mission-critical, cloud-based, business management software solutions to approximately 3,000 customers in the UK construction sector, enabling them to manage their core workflows, improve productivity and increase margins.

The company is growing recurring revenues at over 30% per annum, driven by the ongoing adoption of digital technology in the construction industry, coupled with the demonstrable revenue enhancement and cost savings that Eque2’s specialist software delivers for its clients.

Bowmark has a long track record of investment in market-leading, vertically specialised software businesses, and its partnership with Eque2 will help the company continue its strong record of growth, through further investment in technology, new product development and client service.

Bowmark is acquiring its interest from WestBridge, which has worked closely with Eque2 over the last three years as the company has integrated its suite of products, transitioned them to SaaS, and expanded its senior management team. WestBridge is also re-investing in the transaction.

It was great to work with Justin and the rest of his team again, they have transformed the business over the last few years delivering a fantastic exit. We look forward to seeing the team deliver their ambitious growth plans alongside Bowmark and WestBridge.

Dan Martinez
+44 (0) 7398 212 298