Imaweb operates a cloud-based platform integrated between franchised car dealers and their respective OEM's. Imaweb’s product is highly customised for the automotive industry and is regarded as the best-in-class solution on a new technology platform.
Imaweb was a platform investment that Providence Strategic Growth all equity funded in May 2019. The subsequent IDF bolt-on investment was funded with additional equity and debt from Bridgepoint Credit in September 2019.
Providence Strategic Growth mandated Bridgepoint Credit as sole lender based on our long-term relationship, our commercial proposal and our ability to deliver within the process timelines. The debt facilities included a Term Loan and an Acquisition Facility to fund future growth.
The combined group is the European market leader through the combination of the #1 Client Relationship Management solution provider in Spain and the #1 Dealer Management System in France.
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