- Sector: Application Software; Industrial Tech
- Deal Type: Private Equity Deals
- Engagement type: Sellside
- Size: >$500m
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to thinkproject, a portfolio company of TA Associates, on the sale of a majority stake to EQT. TA Associates and other existing shareholders will reinvest alongside EQT as minority partners to further accelerate the growth of the company.
Founded in 2000 and headquartered in Munich, thinkproject has more than 450 employees in 18 offices across 11 countries. The company supports around 2,750 private and public asset owners, project developers and general contractors with 250,000 users in more than 60 countries. thinkproject’s SaaS solutions are driving the digitisation of the entire life cycle of construction projects, from designing and building to operating, leading to fundamental disruption in the construction industry.
EQT aims to accelerate thinkproject’s growth through product extension, geographical expansion and consolidation of the fragmented construction software space underpinned by its strong commitment towards sustainability and digitisation.
This transaction underscores Arma Partners’ leadership and expertise in advising vertical market SaaS champions and consistent track record of successfully executing landmark transactions on behalf of leading Private Equity investors.