Growth Lending provides £10m facility for essensys take-private transaction
Growth Lending has provided a £10m SME Term Loan facility to support the management-led acquisition of flexible workspace software provider essensys, helping the former AIM-listed business transition to private ownership.
Backed by former Tesco chief executive Sir Terry Leahy and entrepreneur Bill Currie, the deal marks the latest chapter for the technology company as it embarks on a new phase of development.
Founded in 2006, essensys provides software and technology solutions that help commercial real estate landlords and flexible workspace operators manage, control and optimise multi-tenant portfolios. The business serves customers across the UK, Europe and North America through its software-focused, asset-light SaaS platform.
Growth Lending’s facility funded the purchase of publicly listed shares and provides ongoing working capital support as the business executes its long-term growth plans.
Having listed on London’s AIM market in 2029, essensys recently completed a strategic transformation into a pure SaaS business, decommissioning its legacy private network data centres and focusing investment on software innovation. In March 2025, it launched Elumo, a next-generation dynamic booking and access control platform designed for the flexible workspace market.
The funding will support the continued commercial rollout of Elumo and accelerate expansion across the UK, Europe and North America.
Mark Furness, Founder and Chief Executive of essensys, said: “Growth Lending stood out for its expertise in public-to-private transactions and its ability to navigate the complexities of the UK takeover process.
“The team understood what was required from day one and delivered a funding solution that gave us the certainty and flexibility needed to complete the transaction. This facility will enable us to successfully transition to private ownership and execute our pure SaaS strategy, while maintaining our commitment to product innovation and deep-rooted global customer relationships.”
Joanna Scott, Chief Business Development Officer at Growth Lending, added: “Supporting essensys through this take-private transaction reflects our ability to structure flexible funding solutions for businesses navigating complex capital market processes.
“essensys has built a strong position in the flexible workspace sector and has successfully transformed into a pure SaaS business. We look forward to supporting the team as they continue to scale the platform and execute their long-term strategy.”
The deal was introduced by Kroll Advisory, and Growth Lending was advised by Shoosmiths LLP.
