Eque2 is a SaaS software vendor, which provides business management software to the construction, contracting and housebuilding industries.

LDC wanted to exit the business with a substantial ROI on their £16m investment.

In order to facilitate this, LDC was looking for an FD to: Build robust KPIs, forecasts and financial models etc that CEO/COO could work Support acquisitions Guide Eque2 through its second deal, leading on the full vendor financial and tax due diligence processes, allowing LDC to exit the business

Rowan Executive Search was retained by LDC and Eque2 to search, assess and appoint a suitable Finance Director.


Rowan worked closely with Eque2 CEO Justin Moule and LDC Investment Director John Clarke, in order to understand the requirement, and the business’ goals, ambitions and challenges.

As an expert in Executive Search, Rowan: Created a comprehensive, detailed and compelling brief, which would be attractive to relevant candidates. Undertook a best-in-class Search and Assessment process, focusing on Senior FDs with experience of facilitating a business’ second deal. Paid particular attention to the dynamic between the Eque2 Board and John Clarke et al. at LDC, showing sensitivity to the need for a candidate that would work with both Eque2 and LDC’s best interests at heart.


Since joining Eque2, Andy has:

Introduced robust KPIs, forecasting and financial models that the CEO and COO could work with.

Contributed to increase of T/O by 29% and EBITDA by 85%.

Continued the business’ acquisitive strategy, leading on the acquisition of Clip IT Solutions.

Contributed to the exit of LDC with a sale to Westbridge Capital for £46.5m, after £16m investment.