Bowmark Capital, the mid-market private equity firm, has made a significant investment in Lendscape, a leading technology provider to the global secured commercial finance market.
Bowmark will support Lendscape’s continuing investment in innovative technology solutions for this growing sector of the financial market and help the company expand organically and by acquisition.
Lendscape’s software and technology underpin the secured lending offerings of over 120 banks and financial institutions worldwide. Its platform supports the management of over $200 billion of lending annually, ensuring the fulfilment of the complex operational, reporting, data and security requirements of commercial lenders, spanning invoice, supply chain and asset finance.
Founded in 1972, Lendscape has attained a leading market position through its proprietary technology, high quality service offering and deep market knowledge. The company has also consistently innovated to meet the growing global demand for secured lending as finance providers scale and digitalise their operations.
Tony Davison, the company’s founder and chairman, said: “Having built Lendscape into a leading global software provider over the last five decades, we are uniquely positioned to continue our strong track record of growth. Bowmark shares our vision for the business and, with their help and support, we will accelerate our plans for innovation and increase our global reach, bringing advanced technology solutions to more secured finance providers worldwide.”
Tom Shelford, partner at Bowmark, commented: “Lendscape is a technology leader with an outstanding reputation for service excellence and technical expertise, and a track record of double-digit revenue growth. We look forward to working with the team to support the company’s next stage of growth through investment in product development, international expansion and strategic acquisitions.”
Kevin Day, Lendscape chief executive, said: “Bowmark’s investment will help us to shape the future of commercial lending and enable providers to keep pace with customers’ evolving needs. As demonstrated by our new, cloud-native asset finance solution, technology can lift the administrative burden and improve efficiency, as well as giving finance providers the flexibility to scale their operations and tailor products for their customers.”
Global deals advisory firm Alantra acted as lead adviser to management during the transaction.
About Lendscape
Lendscape is the world's leading technology provider for all forms of secured finance.
With over 45 years of experience and in-depth industry understanding, our dynamic team has designed, developed, and delivered secured lending technology to over 40 markets and some of the worlds' most prestigious banking and financial services providers.
Lendscape supports a range of working capital and asset finance solutions such as factoring, invoice discounting, supply chain finance, asset-based lending as well as asset finance and many other forms of specialist finance.
To learn more, click here.
About Bowmark Capital
Bowmark Capital is a leading private equity firm that invests in technology and services companies. Established in 1997, we manage and advise funds of over £1.7 billion and have made more than 50 investments.
With our strategic support and capital, we work in partnership with management teams to accelerate growth and build exceptional businesses. Bowmark Capital LLP is authorised and regulated by the Financial Conduct Authority.
To learn more, click here.
Discover more
- Meet Lendscape at the 55th Annual Meeting in September, register here.