Tag Archive: NovaVest Fund 1 LP

Sep 09 2009

BIW undertakes recapitalisation

One of the UK’s leading providers of Software-as-a-Service construction collaboration applications, BIW Technologies, last week announced that it has successfully completed a recapitalisation deal backed by its largest shareholder, NovaVest Fund 1 LP (advised by Tempo Capital Partners LLP). Around £3.5m in outstanding corporate debt has been settled and around £300,000 of new working capital …

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