Hayfin, a leading European alternative asset management platform, has supported Five Arrows, the alternative assets arm of Rothschild & Co, in its acquisition of Totalmobile, a UK-based leader in field service management (FSM) software. The transaction was financed through Hayfin's Private Equity Solutions strategy.
Following the acquisition, Totalmobile has been combined with Solvares Group, a German provider of advanced scheduling, route optimisation, logistics and field sales management solutions originally backed by Five Arrows and Deutsche Beteiligungs AG in 2024. The transformational merger has formed the largest pure-play, multi-vertical FSM software provider in Europe.
Now, let's breakdown who the key players are in this deal:
Player 1: Totalmobile, headquartered in Belfast, is a UK leader in mobile workforce enablement, job management, rostering, and workflow-centric FSM solutions, serving more than 500,000 field workers across public and private sectors.
Player 2: Solvares, based in Germany, is a leading provider of field service, logistics, and field sales management software, serving over 1,800 customers across Europe with best-in-class scheduling, dispatching, route optimisation, and mobile workforce capabilities.
Together, the two companies bring highly complementary capabilities and geographic footprints to the combined platform.
With this combination, the newly merged business is positioned to operate at the forefront of European field service management software, offering customers across public and private sectors a comprehensive suite of mission-critical workflow tools. The deal also expands the combined company's reach across key European markets while bringing together two highly experienced management teams. Speaking about the impact of the transaction, Vladimir Balchev, Managing Director of Private Equity Solutions at Hayfin, stated:
"We are delighted to support Five Arrows in this landmark combination. We believe Totalmobile and Solvares will together create an exceptional platform operating at the very forefront of field service management software. This transaction underscores our experience in this space, which we continue to find extremely compelling, as it is underpinned by long-term growth drivers and a clear requirement for sophisticated, mission-critical workflow tools."
Player 3 and 4: Five Arrows is the alternative assets arm of Rothschild & Co and manages a range of private equity and credit strategies across Europe and North America. The firm has been a long-standing investor in software and technology businesses, with a particular focus on backing market-leading providers of mission-critical workflow solutions.
Player 5: Hayfin Capital Management is Europe's leading alternative asset management platform, providing critical debt, equity, and hybrid capital solutions tailored to the European market. Since its formation in 2009, Hayfin has built transatlantic capabilities and established a growing local presence in Asia, with a product suite designed to address every financing need of non-investment grade borrowers across primary and secondary markets.
The combination of Totalmobile and Solvares underscores Five Arrows' commitment to strategic growth in the field service management software sector and its efforts, supported by Hayfin, to build a leading international platform serving customers across Europe and beyond.
