In 2024, Maven completed the sale of The 55 Group to LDC, the private equity arm of Lloyds Banking Group. The 55 Group is the parent organisation for a group of cross-industry businesses, including national framework provider Pagabo, the risk, management and compliance software company Sypro, social value specialists Social Profit Calculator, and digital-first training platform Tequ. The 55 Group uses technology and innovative thinking to establish a better, faster and greener approach to the built environment.
The businesses have highly complementary propositions which provide a compelling end-to-end solution for public sector and large enterprise clients when managing complex construction projects. The Group is helping to capitalise on positive market dynamics driven by increased public sector spend on national projects and Government policy to deliver better, faster and greener infrastructure.
Pagabo’s innovative framework agreements enable organisations to procure suppliers for a range of goods and services more efficiently, while Sypro’s Contract Manager software empowers contractors to comply with contract obligations more easily. Together, both businesses offer a streamlined approach to project procurement and compliant project delivery.
Our partnership with Maven has been instrumental in realising our vision of creating a business that supports the evaluation of social value, ethical procurement, and sustainable contract and risk management across the built environment. Their funding, support, and shared vision have been pivotal in our rapid growth and the successful development of The 55 Group. There are exciting opportunities ahead and we look forward to continuing on this growth journey with our new investment partners.
Simon Toplass, CEO of The 55 Group
