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Investec Direct Lending provides incremental debt facilities to support existing client StarTraq with the acquisition of JML Software Solutions Ltd (JML)

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Our role

Direct Lending continues its support for existing client August Equity-backed StarTraq. The incremental facilities enabled StarTraq to continue its expansion with the acquisition of JML, the sole provider of Chronicle Systems.

JML is StarTraq’s second acquisition under August Equity ownership adding further scale and capabilities to the group. JML itself is a provider of cloud-based software into UK Police forces, enabling authorities to digitise mission critical procedures. The addition of Chronicle reinforces the Groups position as a leading compliance solution to its diversified customer base which now includes all police forces across the UK.

Greg Walsh, Director at August Equity: “Investec continue to be a huge supporter of StarTraq's growth ambitions. It was great to work with them once again on the JML transaction."

About StarTraq

StarTraq is the market leader in offence processing software. It has long standing relationships with police and local authorities in the UK, and a growing international footprint. It provides cloud solutions that automate operational processes including the processing of traffic violations, permit offences, permit applications, and environmental offences.

About August Equity

August Equity is a mid-market private equity firm which focuses on investments in UK growth companies, valued at between £10m and £100m. August Equity is investing from August Equity Partners V. The Direct Lending team has previously worked with August Equity on their investments in AAB (2022) and OneTouch (2023).