16th November 2022
Food For Thoughts Solutions Ltd. the company behind U.K. based leading global retail property management solution Mallcomm has announced a Management Buy Out led by David Fuller-Watts (CEO) supported and backed by Synova Capital (https://www.synova.pe/).
Mallcomm (https://mallcommapp.com/), a multi-award winning PropTech solution is the leading retail focused property management and tenant engagement and communication platform. The solution has been implemented globally in over 360 properties and used by owners and asset managers including Unibail-Rodamco-Westfield, Mall of America, Brookfield Properties Retail, Oxford Properties, Klepierre, Savills, AMF Fastigheter, British Land, and Hammersons. The platform, primarily accessed via a smartphone app, enables 24/7 real-time communication and data sharing that drives operational efficiencies, improves energy performance and supports placemaking. The platform is also adaptable for B2C communication, enabling centre management teams and retailers to engage with customers digitally and deliver a hybrid retail experience
Synova is recognised as one of Europe's most innovative, and highly successful, growth focused private equity investors working closely in partnership with entrepreneurs, founders and management teams to achieve their ambitious growth targets. Synova invests in companies valued between £20m and £250m in the UK, Ireland and continental Europe.
Lerner Associates was pleased to act as the exclusive sell-side M&A advisor to the Food For Thought (Mallcomm) shareholders including founder Michelle Buxton and Colin Buxton, and was also pleased to be able to recommend and introduce Cavu Corporate Finance (https://www.cavucf.com/) to Management as the MBO advisor. This is testament to our long standing relationships with sellers, business owners, buyers and advisors alike.