WELCOME TO
OUR PORTFOLIO
We’ve helped a number of businesses achieve critical mass and successful exits.
Portfolio companies
Case Studies
Build-Operate-Transfer
Case Study: i7
BUILDING A 100 FTE BUSINESS IN 2 YEARS
Background:
Large technology consulting business realised in 2017 that it was underweight in Salesforce capability in Europe. They saw a market opportunity and wanted to scale quickly but didn’t have the internal capacity to achieve this.What we did
- Tquila worked with them to establish i7 in late 2017 as a Joint Venture.
- The business offered an extensive set of services leveraging Salesforce technology to enable digital transformation for large companies in Europe.
- We appointed exclusive recruitment partners to build a team of more than 100 within 2 years.
The Outcome
- In 2020, it was acquired in its entirety by the technology company to form a new global practice and expand their expertise and alignment with Salesforce.
- It has grown more than 3 x post acquisition.
Founded | 2017 |
Call Option Exercised | 2020 |
Technology | Salesforce |
Vertical | IT Consulting |
Region | UK |
Headcount at Sale | 100 |
Revenue at Sale | £1m per month |
Tech Eco-system Build
Case Study: Circlace
Background
Salesforce needed to build its network of practitioners in Japan where there was little competition.What we did
We set up Circlace, initially as a joint venture between Salesforce, Tquila and Pasona, a large Asian resourcing company, to build a Salesforce platform in Japan.We provided
- Initial start-up capital.
- Technology transfer in the early years of the JV.
- Board seat contributing recruitment, technology strategy and investor relations advisory.
The Outcome
Circlace IPOed in 2022 on the Tokyo Stock Exchange. Today, Circlace is a Salesforce-focused consulting company with its own proprietary products with a market cap of US$28m on a P/E ratio of 17x with peer companies trading at 50-100x.Early-Stage Investment
Case Study: Tquila Automation
(TQA)
Background
Founded in 2020 by Tom Abbott, a young entrepreneur, TQA is a Robotics Process Automation (RPA) focusing on the UIPath platform.What we did
- Made an early seed investment, composed of equity and debt (working capital, term loans).
- Seconded senior leadership (COO and CFO) from Tquila into TQA.
- Provided board-level strategy and mentorship around capital raise, helped attract co-investment.
The Outcome
- TQA raised pre-Series-A funding in March 2022 and Series-A funding in late 2023.
- Has built a delivery centre in Romania and won $1m+ clients such as British Airways, Freshfields and Liberty Global.
- Has recently completed on its first acquisition, a healthcare automation business focused on the US.