Current
Prosci
Private Equity Manager (GP)
Leeds Equity Partners
Details
Region
USA
Sector
Industrials
Stage
Mid buyout
Type
Manager-led secondary
Vintage
2021
Highlights
Commitment
£5.5m
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.
