- Inprova is a procurement partner that works across the private, public and third sectors
- The investment from NVM is aimed to enable the business to further develop its technology platform and procurement analytics capabilities
- CEO Steve Malone and his senior team lead the management buyout
NVM Private Equity announced it has completed an investment supporting the management buyout of Inprova, a technology and data-enabled procurement services business.
Inprova, based in Cheshire, England, is a technology and data enabled procurement services business working across private, public and third sectors. The company focuses on categories including property and construction, FM and maintenance, energy and renewables, fleet and logistics, IT and telecoms, healthcare and indirect spend.
The investment will enable Inprova to further develop its technology platform and procurement analytics capabilities to deliver enhanced value-added services to its customers, according to Newcastle-based NVM. The management buyout was led by group CEO Steve Malone and his senior team.
“We are delighted to be backing Steve and his team at such a pivotal point of their growth plans for the business,” said Andy Leach, investment partner of NVM. “Inprova’s tech-led platform is the heartbeat of the business, driving efficiency, transparency and compliance for customers. With new investment, a highly experienced management team and its existing technology at its core, Inprova is well positioned for considerable future growth.”
The transaction, which is NVM’s third new investment this year, follows the backing of YorkTest in July and Easby Group in March.