Clearwater International UK advises on the c.€23m sale of Mandata
Clearwater International UK has advised Synova Capital and members of the management team of Mandata, the market-leading provider of transport management software, on the c.€23m sale to private equity firm LDC.
Mandata designs and develops software that allows road transport operators to manage workflow and data more effectively. Its transport management system integrates a suite of end-to-end products, including traffic planning and management, tracking, telematics, and invoicing. Used by hauliers across the UK, Mandata helps customers to improve productivity, deliver efficiency savings, and improve real-time visibility of their operations.
Following Synova’s investment in 2013, Mandata has successfully invested in its people, operations and software solutions to allow the business to grow rapidly. Recent innovations have extended functionality into mobile technology platforms including electronic proof of delivery, and a completely new cloud transport management system which is available to smaller hauliers, who can also benefit from the wider technology suite through TMS Go!
Under the leadership of CEO Mark Norcliffe, Mandata has grown rapidly. Today it supports many of the UK’s haulage businesses including 30% of Motor Transport’s top 100 operators, actively managing over 10,000 vehicles, and employs 60 people at its offices in Cramlington and Leeds.
With LDC’s support, Mark and his team will embark on the next stage of their ambitious growth strategy, underpinned by continued investment in product and proposition development, and further investment in its market-leading team.