Amor Group
IT & software services
Contributing Sustainable Development Goals
Background
Our investment partnership started with Amor Group and their impressive management team of John Innes, Scott Leiper and David Blyth in May 2009. They are a provider of software products, services and business technology solutions to three core sectors: Energy, Transport and Public sector. Their revenues are mainly obtained from support and maintenance of client systems and the sale of its own software products. 60% of revenues were from Oil & Gas operators and service companies.
The business had developed a niche position in attractive growing markets underpinned by regulatory trends in efficiency and safety. This included a diversified and resilient blue chip customer base.
In September 2013 we led on the exit process through a strategic sale to Lockheed Martin who saw the opportunity to extend and strengthen their existing capabilities in the UK.
Strategic Clarity
Business Shape
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International Expansion - We worked with management to identify and assess acquisition targets and to develop the international growth strategy
People & Organisation
Leadership
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Senior Team - We appointed a chairman, Neville Davis to help drive strategic growth and simplification of the business across three core sectors
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Org Structure - Developed the finance team, systems and processes as the business scaled
Delivering the Best Outcome
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High-Quality Delivery - We provided a flexible funding solution, which enabled third party debt capacity to be utilised for acquisitive growth, and management to have a significant equity stake. Delivered at a time when most funding markets were closed