Challenge Group specialise in logistics and recruitment, with subsidiaries in both.
We invested in Challenge Group in 2015, providing scaleup capital to an exceptional team that was managing rapid growth. Challenge has since grown from a founding family team to 45 staff, managing over 700 drivers.
Because Challenge Group had never taken outside funding before we invested, we were able to support them through the process. Our knowledge in M&A was also a big help to the team. We helped them to complete their first acquisition, and continue to advise on matters regarding finance and growth.
“Taking an external partner into a family-run business is a huge decision and thankfully we picked the right one. We needed Praetura’s experience on acquisitions and growth strategies but we didn’t want to change the values of the business. Praetura allow us to run the business in our way but they bring experience and new ideas to the table – this is a proper partnership.”
Tom Cropper, CEO