Queen’s Park Equity completes acquisition of YayYay Limited with funding from Shawbrook
Private Equity house, Queen’s Park Equity (“QPE”), has completed the acquisition of YayYay Limited supported by a funding package from Shawbrook.
At a glance
Providing capital and expertise to entrepreneur-led businesses
Founded in 2020 amidst the global pandemic, QPE provides capital and expertise to entrepreneur-led businesses operating in the Health & Pharma and Tech Services sectors. This Acquisition is the third to be funded by Shawbrook, following Learndirect (August 2020) and Future Deluxe (August 2022).
YayYay Ltd is a UK-based technology business founded in 2013 by serial tech entrepreneur, Matt Mansell. Operating under its trading name, ‘Yay’, the firm provides cloud-based communications services that enable micro businesses and SMEs to access enterprise level telephony solutions at an affordable price-point. The service allows employees to call, message and share files via its integrated app, while employers can manage unique phone numbers and call management services. Yay has seen phenomenal growth since its inception – now servicing more than 7,000 customers across the U.K and U.S, with over 24,000 users worldwide.
Prior to founding Yay, Matt was the founder and CEO of Mesh Digital Limited, a technology firm which gained regard as a leading domain registrar and Search-Engine Optimisation specialist in the early to mid-2000s.
Shawbrook Bank was selected as the lender of choice due to the strong nature of their existing relationship with QPE, their knowledge of the sector and their ability to provide flexibility in the funding package.
The Shawbrook team were an obvious choice for us thanks to their extensive knowledge of the sector, as well as their ability to adapt their package to a borrower’s need. We thank them for all of their hard work on this deal.
Jonny Kay, Managing Partner at QPE said:
“We are delighted to be able to add Yay to our portfolio of exciting businesses operating in the tech services sector. The technology they have developed is second-to-none in their field, possessing the potential to assist thousands of scaling businesses globally.
“The Shawbrook team were an obvious choice for us thanks to their extensive knowledge of the sector, as well as their ability to adapt their package to a borrower’s need. We thank them for all of their hard work on this deal.”
James Salmon, Senior Director at Shawbrook said:
“We are really pleased to continue to build on our strong existing relationship with QPE, in what will be our third deal with the firm. QPE has an excellent track record of investing in firms with a high-potential for growth, and Yay undoubtedly fit the picture in that respect.
“We wish both QPE and Yay all the best in their future endeavours and look forward to closely watching their growth.”
Shawbrook were advised on the deal by Travers Smith and QPE were advised by BDO Debt Advisory and Osborne Clarke.
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