Causeway secures £120m to expand
Summary
The company says the investment will fund strategic acquisitions and accelerate its organic growth strategy to digitally connect the construction supply chain through further development of its cloud platform. Our core purpose and passion is to digitally enable the global construction industry – the support of Five Arrows allows us to accelerate our work to help solve our customers’ challenges. Following completion of the transaction, Vivek Kumar (partner) and Sacha Oshry (managing director) of Five Arrows Principal Investments will join the board of Causeway. Update (noon BST: 29 June 2021) – Over the past 20 years, Causeway has grown primarily through merger and acquisition activity relating to numerous, often niche technology vendors in the architecture, engineering and construction sector. Will Causeway continue its previous approach of relatively modest acquisitions, or will it perhaps look to strike a major deal to cement a strong foothold in one of its sectors?
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