Stokenchurch: HMT undertakes DD for Maven on investment in ProspectSoft

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TBM Team

HMT LLP led by partners Paul Read and Andrew Thomson undertook financial due diligence for Maven Capital Partners on its £6 million investment in cloud-based technology company ProspectSoft to support the management buyout.

Founded in 2000 and based in Stokenchurch, Buckinghamshire, ProspectSoft provides niche, award-winning customer relationship management and e-commerce software for the Business-to-Business market. Its technology can be fully integrated with clients’ existing accounting and enterprise resource planning (ERP) packages including market-leading systems such as Access Dimension, Exchequer, Pegasus and Sage.

ProspectSoft has been shortlisted for two national industry award categories: the UK Cloud Awards for CRM Product of the Year and the National Technology Awards’ Cloud Product of the Year.

Andrew Ferguson, partner at Maven, commented: “We were delighted to work with the HMT Transaction Services team again, and as always they provided an excellent service. Their advice was clear and concise, and as ever they produced a high-quality report which highlighted all key issues in a clear and easily understandable way. We are happy to recommend their services.”

Paul Read of Henley-based HMT commented: “The management team at ProspectSoft have built a very successful business over the last years and with Maven’s support will be able to achieve the next step in their growth story. We were delighted to advise Andrew, Tom and the rest of the Maven team on this exciting opportunity and look forward to working with them again in the future.”

TBM Team