Bain Capital backs Viewpoint Construction Software


drill-diy-construction-woodPrivate equity firm Bain Capital has made a “major” growth equity investment in Oregon-based startup Viewpoint Construction Software.

Viewpoint, which provides software to more than 8,000 contractors in 28 countries, has seen its revenues grow more than 40 per cent annually since 2009.

Bain Capital managing director David Humphrey said, “We have been incredibly impressed with the business culture and customer relationships that (Viewpoint chairman and CEO) Jay Haladay and his team have built at Viewpoint.

“Their product vision and business execution have made them a fast-growing leader in the construction software market.”

Viewpoint is also backed by TA Associates, which made a $76m minority investment in its parent company Coaxis in 2012.

In the meantime, Bain is reportedly participating in the auction for the Hong Kong consumer finance unit of Standard Chartered, which could be valued at up to $700m.

Copyright © 2014 AltAssets