Evolve Corporate Finance advises on sale of Build-ID to LandTech

Midlands-based firms, Evolve Corporate Finance and Lodders Solicitors have advised the owners of Built-ID, a proptech business that creates digital community and occupier engagement software, on its sale to LandTech, a “high-growth”, venture capital-backed company.

Built-ID helps developers to deliver “more socially impactful and sustainable outcomes and empowers communities to have a voice in the decision-making process”.

The deal sees LandTech acquire 100% of the share capital of Built-ID and will enable both businesses to accelerate their growth plans.

An advisory team at Evolve Corporate Finance advised Built-ID’s owners, led by partner, David Neate, and manager, Doug Allan, with legal advice provided by Graham Spalding (partner and head of business services) and Lydia Lasseter (solicitor) at Lodders Solicitors.

Savannah de Savary, CEO, and founder of Built-ID, said: “Built-ID has had an impressive journey since we launched the business. We are incredibly proud of the positive impact we have on communities and the support we provide to help organisations engage the public and make better decisions about their development projects. We were looking for a strategic home that would help the business further accelerate its growth plans. LandTech is an excellent fit.”

David Neate, partner at Evolve Corporate Finance, added: “Proptech is a highly active M&A sector at the moment, and we are delighted to have been able to support Built-ID and advise them on this deal. Positive and constructive engagement in the planning process is at the core of both parties’ DNA with Built-ID’s unique ESG engagement platform, a real facilitator for communities to engage positively and constructively. Joining forces with LandTech will enable the company to accelerate its growth plans.”