Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence for Kester Capital ahead of its investment in Re-Flow, a rapidly growing provider of field service management software to the critical infrastructure industry.
The investment represents Kester’s fifth investment out of its latest fund, Kester Capital III, which closed at its hard cap of £200 million in March 2024. It continues the positive momentum from 2024 in which Kester won ‘PE House of the Year – Small Cap’ at the Real Deals Private Equity Awards, completed two new platform investments in The Boundary and EMAS Pharma, made four strategic add-on acquisitions for its portfolio companies, and completed the sale of both Jollyes and Atec, representing Kester Capital’s third and fourth consecutive exits over 4x.
Scope of Work
Code & Co. conducted a comprehensive audit of Re-Flow’s technology platform, assessing its architecture, infrastructure, technology stack, scalability, and security measures.
The evaluation also covered Re-Flow’s product roadmap, integration capabilities, and AI/ML capabilities and roadmap.
Additionally, Code & Co. reviewed Re-Flow’s engineering team, software development lifecycle, and quality assurance processes.
About Re-Flow
Re-flow is a leading software provider to the critical infrastructure industry, delivering FSM solutions for complex multi-day, multi-skill and multi-person projects for infrastructure, construction and utilities customers. Re-flow helps its customers operate more efficiently by improving control and communication between field-based workers and head office, leading to cost-reduction and better service delivery.
About Kester Capital
Kester Capital is a leading lower mid-market private equity investor. Kester focuses on the technology and healthcare sectors, supporting businesses that require capital in order to unlock their growth potential. For more information, visit: www.kestercapital.com.