Case Study

Prosci

New Commitment

The company

Region: USA
Sector: Industrials
Stage: Mid Buyout
Type: Co-Investment
Highlights:

                                £5.5m
Commitment

Private Equity Manager (GP)

Case study

About the company

Prosci is a change management firm focused on helping individuals and organisations build change management capabilities. It has a network of over 30,000 change leaders worldwide through the Prosci Change Management Certification programme.

Investment rationale

Prosci is a market-leading provider of proprietary change management solutions in a US$10bn+ market.
Proven history of growth in core offerings positioned to accelerate with newly launched digital training and advisory solutions.
Ten-year revenue growth of 29% per year, 40%+ EBITDA profit margins and a diversified and quality customer base consisting of c.80% of the Fortune 100 companies.

Active management and value creation

During the investment period, Leeds Equity Partners plans to focus on the following key growth drivers:

An accelerated rollout of the advisory business.
Bolstering the subscription segment (currently c. 30% of revenue) by rolling out a subscription membership opportunity.
Broadening and deepening channel partner relationships.
Expanding the business through transformative M&A.

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