International law firm, Trowers & Hamlins has advised digital transformation specialist, Proventeq, and its co-founders, on a multi-million pound investment from private equity house, BGF, which is set to fuel Proventeq's growth across the UK, US, Europe and the Middle East.
Proventeq Limited is a leading provider of cloud transformation and intelligent information management solutions, with subsidiaries in the United States, the Middle East and India. The investment from BGF will drive further growth for the company as it aims to capitalise on opportunities in data security, compliance, and AI solutions over the coming years.
Nitin Mahajan, CEO of Proventeq commented on the deal:
“As companies look to modernise their legacy systems and ensure regulatory compliance, robust data management and governance becomes essential. Our goal is to help organisations establish strong foundations with secure and modernised data platforms, enabling them to harness the power of AI and automation. With significant opportunities in the market, we’re delighted to partner with BGF, as we expand and further develop our proposition.”
Trowers partner Sarah Souter who led on the deal said:
"We are delighted to have supported the management team of Proventeq in securing this investment from BGF, which will undoubtedly accelerate its growth trajectory for the years to come. This deal highlights the current trend in investments into the technology sector, illustrating the market's appetite for growing cloud and AI analytics solutions. This is yet another investment in the sector that we have advised on, which further reinforces our reputation as experts in this field."
The Trowers team was led by Sarah Souter with Sijal Dudin and Daniel Dong supporting in the Corporate team, Helen Fysh and Lilli Sutherland in Banking & Finance, Danielle Ingham, Tom Stephenson and Annie Drew in Employment & Pensions, Alex Barnes and Melanie List in Tax with support from the wider transactional team.
