MCS, which provides software for construction companies, was the last of the assets WestBridge Capital inherited when it acquired Wales Fund Management in 2008.
Valerie Kendall, a partner at WestBridge Capital, said, “MCS has flourished under our stewardship. From break even five years ago, the company now has strong recurring revenues, healthy profits and a market-leading product. Given its exposure to the construction sector, the management team has done extremely well to grow the business, repay historic debt liabilities and invest in new technology.
“Growth, both organic and acquisitive, leaves MCS well-positioned for the future.”
Last year the firm moved to new offices in London to accommodate its growing team.
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