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CappcoPartners assists August Equity with investment into Wax Digital

Operational transformation firm CappcoPartners has successfully supported August Equity by providing a sales and marketing assessment to support its commercial and operational due diligence of Wax Digital

CappcoPartners assists August Equity with operational due diligence of Wax Digital

 

Cheshire based E-procurement software firm Wax Digital delivers Source-to-Pay solutions to mid and large-sized organisations globally. Its clients include Universal, Nissan, Virgin Active, BAE Systems and the NHS.

Wax Digital’s cloud-based software manages tens of millions of transactions annually. Its 245,000 users located in 102 countries benefit from complete spend control across the purchasing lifecycle.
With August Equity’s investment, Wax Digital plans to accelerate its growth in both UK and overseas markets, through organic measures and select acquisitions. Ultimately it aims to create a market leading independent eProcurement business.

As part of the due diligence process CappcoPartners conducted a full pipeline and deal review for August Equity. In addition an in-depth operational assessment was completed and this provided August Equity and Wax Digital with a basis upon which to start post acquisition planning and objective setting.

August Equity Partner Ian Grant said: “Once again CappcoPartners did a good piece of work for us from a commercial aspect. Their work gave us valuable insight into Wax Digital’s pipeline and was carried out efficiently so that they met our tight timescales. Their operational recommendations have become an important part of the post deal planning process”

About CappcoPartners – Founded in 2009 to provide sales and marketing services to private equity and venture capital backed companies who are struggling to meet their growth plans. We are staffed with experienced professionals who have successfully implemented change for small and mid sized firms across all major industries. Since 2009 CappcoPartners has successfully increased revenue by £75m for our clients and have added £300m in Enterprise Value to their investors.