Osborne Clarke advises Tresmares Capital on its minority investment into Convey Technology

International legal practice Osborne Clarke has advised pan-European growth capital investor, Tresmares Capital, on a minority equity investment in UK-based fleet management software provider Convey Technology.

With the financial backing of Tresmares, Convey will look to expand its commercial capabilities and pursue selective M&A opportunities to enhance its product and distribution capabilities.

Headquartered in Wiltshire, Convey Technology was founded by in 2016 by Steve Fisher. It provides a web-based SaaS platform that supports more than 3,600 commercial fleet operators – managing hundreds of thousands of vehicles and assets – to achieve compliance, safety, and operational efficiency. Fisher and the current key management will retain control of the day-to-day operations of the business and will drive the next stage of growth.

Founded in 2014, Tresmares Capital is a pan-European growth-focused alternative asset management firm. With a team of over 75 professionals based in Madrid, London and Frankfurt, the firm offers an extensive range of financial solutions to high-growth SMEs and private equity firms across Europe. This investment marks the third minority investment in the UK for the firm and the second investment advised upon by Osborne Clarke.

The Osborne Clarke team was led by Corporate Partner Seamus McKimm, Associate Director Alex Littlefield and Associates Demi Joannides and Aaron Ewart.

“We are grateful to have had another opportunity to work with the team at Tresmares on their latest strategic minority investment in the UK. It is refreshing to work with such a pragmatic and commercial team, led by Miguel Sanchez, who genuinely adopt a partnership-led approach to their minority investments.  We are looking forward to seeing Convey continue to grow with the benefit of that approach.” 

Seamus McKimm, Corporate Partner, Osborne Clarke

”We are delighted to have received the support from Osborne Clarke on our investment in Convey. Seamus and his team understand the core pillars of our partnership led investment philosophy, and have been instrumental to a smooth process to completion.”

Miguel Sanchez, Investment Director and Private Equity lead in the UK, Tresmares Capital.

Osborne Clarke's corporate team are considered a go-to practice for many in the tech, media and comms sector, working with leading global businesses, fast-growth start-ups and market challengers. The team advises on all stages of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.