I am delighted to have secured investment from a highly regarded Private Equity house to work with us to expand and grow the business. I can’t thank Provantage enough, their commitment and expertise has been invaluable throughout the process.
Provantage originate H2 Equity Partners investment in RAM Tracking
Project: RAM Tracking
Sector: TMT, Business Services
Deal Value: Undisclosed
Buyer: H2 Private Equity
Provantage Corporate Finance is proud to have originated and to be lead adviser to the shareholders of RAM Tracking, a leading supplier of Telematics, on securing an investment from H2 Equity Partners alongside the founder and management team.
Headquartered in Leeds, RAM is a market-leading telematics business with operations in the UK and Canada. Its unique and innovative SaaS proposition provides its predominantly SME client-base with a wealth of valuable data and reporting to help manage their fleets more efficiently. The business has grown significantly in recent years and today has over 85,000 vehicle tracking devices and cameras installed under multi-year contracts, with payment taken via monthly direct debit.
Following H2’s investment, the founder and former owner of RAM, Chris McClellan, will remain involved as a significant shareholder and non-executive director. Management, led by Nick McClellan, Scott Chesworth, and Anders Liljendahl, will closely work with H2 to deliver RAM’s ambitious growth strategy and ensure it continues to provide excellent service and innovation to its client-base.
This transaction was originated and led by Provantage Corporate Finance – David Browne and Sally Saunders as advisers to the shareholders of RAM.
Sally Saunders of Provantage said “ RAM has provided innovative products and exceptional service to businesses and has an unmatched reputation. We are privileged to have the opportunity to work with the shareholders and deliver a transaction that will benefit all stakeholders”.
Chris McClellan – RAM’s founder said – “I am delighted to have secured investment from a highly regarded Private Equity house to work with us to expand and grow the business. I can’t thank Provantage enough, their commitment and expertise has been invaluable throughout the process.”
For further information on RAM please refer to www.ramtracking.com