Midlands duo facilitate sale of tech firm
Midlands-based Evolve Corporate Finance and Lodders Solicitors have guided the owners of Built-ID, a PropTech company specialising in cutting-edge digital community and occupier engagement software.
The advisory support was in relation to Built-ID’s acquisition by LandTech, a venture capital-backed firm.
In this transaction, LandTech acquired 100% of Built-ID’s share capital, paving the way for accelerated growth for both companies.
Evolve Corporate Finance, led by partner David Neate and manager Doug Allan, provided advisory services, while legal counsel came from Graham Spalding (partner and head of business services) and Lydia Lasseter (solicitor) at Lodders Solicitors.
Savannah de Savary, CEO, and founder of Built-ID said: “Built-ID has had an impressive journey since we launched the business. We are incredibly proud of the positive impact we have on communities and the support we provide to help organisations engage the public and make better decisions about their development projects. We were looking for a strategic home that would help the
business further accelerate its growth plans. LandTech is an excellent fit.”
David Neate, partner at Evolve Corporate Finance, added: “PropTech is a highly active sector at the moment, and we are delighted to have been able to support Built-ID and advise them on this deal. Positive and constructive engagement in the planning process is at the core of both parties. DNA with Built-ID’s unique ESG engagement platform, a real facilitator for communities to engage positively and constructively. Joining forces with LandTech will enable the company to accelerate its growth plans.”
