Prop tech innovator joins the herd

Private equity firm Cow Corner Investments strengthens its foothold in the technology sector with a strategic investment in Clitheroe-based Glider Technology.

Cow Corner Investments, a prominent private equity firm specialising in services and software businesses, has finalised the acquisition of a majority shareholding in Glider Technology, a leading prop tech company based in Clitheroe. The transaction, completed for an undisclosed sum, marks a significant milestone for both entities and underscores their commitment to innovation and growth in the UK technology sector.

Advisory services for the transaction were provided by Pierce Corporate Finance, headed by partner Kevin Steven and manager Jimmy Moore, with tax advisory services handled by Pierce tax partner, Dominic Ball.

Glider Technology, a valued client of Pierce, is revolutionising asset information management for the built environment through its innovative software solutions, streamlining infrastructure projects and driving efficiency. Under the guidance of Glider's management, and having been closely supported by Pierce Corporate Finance over the past 18 months, the company has demonstrated robust financial performance and vision, positioning itself for strategic investment and accelerated growth.

Nick Hutchinson and Steve Rukuts, directors and founders of Glider Technology, recognised the need for a strategic partnership to further their vision and foster future growth. The acquisition by Cow Corner Investments presents exciting opportunities for Glider Technology to enhance its innovative solutions and strengthen its market position.

Benjamin Dredge, managing partner, and Samantha Pickover of CG Professional provided legal services to the Glider Technology shareholders.

Commenting on the acquisition, Kevin Steven, director at Pierce Corporate Finance, expressed his satisfaction with the outcome, stating: “We are delighted to have supported Glider Technology in this transformative phase of their development. Cow Corner Investments is the ideal strategic partner to propel the business forward, given their clear understanding of Glider's ambitions and innovative technology.”

Glider Technology managing director Nick Hutchinson added, “The partnership with Cow Corner Investments marks an exciting new chapter for Glider Technology. We are confident that together, we will unlock new avenues for growth and continue to redefine asset management in the built environment.”

Chris Woolley, partner at Cow Corner, echoed this sentiment, expressing enthusiasm for the collaboration. "We are thrilled to welcome Glider Technology into our portfolio of innovative technology companies. This strategic investment aligns with our vision of driving sustainable growth and creating value for all stakeholders."

Matthew Searle, Partner at Gunner Cooke LLP advised Cow Corner Investments on their legals.