The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

Buckinghamshire construction tech targets growth through £125 million investment

29 June 2021
Share
The Business Magazine article image for: Buckinghamshire construction tech targets growth through £125 million investment

Causeway, the Bourne End-based provider of enterprise and cloud software to the construction and infrastructure maintenance industries, has secured a £120 million investment to fund strategic acquisitions and accelerate its organic growth strategy to digitally connect the construction supply chain through further development of its cloud platform.

This investment follows a period of strong and consistent growth at Causeway, resulting in an earnings compound annual growth rate of 31 per cent since 2015, driven by increased industry adoption of digital solutions and acquisitions that have broadened its product portfolio.

Five Arrows Principal Investments, the European corporate private equity arm of Rothschild & Co, have made this investment in return for a significant minority stake in Causeway.

This investment reinforces the opportunity in this sector and the need for solutions that address the pace of digitalisation and productivity issues caused by complex supply chains, and the transient nature of construction projects.

Causeway’s software connects the construction ecosystem.

Phil-Brown-CEO-Causeway-Technologies (Issue)Phil Brown, chief executive and executive chairman of Causeway, said: “This investment marks another leap forward for our business and for the value we can add to our customers. Our core purpose and passion is to digitally enable the global construction industry – the support of Five Arrows allows us to accelerate our work to help solve our customers’ challenges.

“Our ambition is to ensure that data flows seamlessly across the construction process, making our customers more efficient and their data more useful and actionable. That is the only way to drive better project outcomes, especially around value and quality.

“While cloud-based tools and mobile connectivity have helped put solutions into people’s hands, much is still very fragmented in this industry. We are building a persona-based platform with relevant applications and data delivered to each member of the construction supply chain via their desktop or mobile devices. The platform will be open, making it easy to integrate with both third-party applications and any bespoke, customised applications that customers might have had developed. This approach will help break down silos and give businesses large and small, in all parts of the construction ecosystem, complete visibility and control over their projects and supply chains.”

Following completion of the transaction, Vivek Kumar (partner) and Sacha Oshry (managing director) of Five Arrows Principal Investments will join the board of Causeway.

Goldman Sachs served as financial adviser to Causeway Technologies and Torch Partners acted as financial adviser to Five Arrows.

Causeway Technologies was established in 1999. Headquartered in Buckinghamshire in the United Kingdom, it serves more than 2,500 customers and has around 350 employees.


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

Related articles

Upcoming events

view more
01
May

South Coast Property Forum: Networking Lunch

Ennios Ristorante
Southampton
More info
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
12
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles