How we helped

Fourth provides SaaS solutions to the hospitality industry, connecting its international customers with their business data to give them visibility and insight.

Strategic acquisitions

  • During our investment Fourth expanded internationally, acquiring Adaco, a US based SaaS business focussed on the international hotel sector, in 2012, and Team Hours, a transformational labour productivity business in 2014.

People & culture:

  • We supported the business with the appointment of Neville Davis as Non-Executive Chair, in addition to a new CFO and International Sales Director.

During our investment Fourth’s profit and revenue grew in excess of 26% per annum (EBITDA CAGR was 26% and revenue CAGR 27%) and employee numbers doubled to 350+ across London, the US and Bulgaria. In 2015 we realised our investment to Insight Venture Partners, delivering a multiple of 3.5x and a 35% IRR.

In 2019 Fourth joined forces with HotSchedules to become a global leader in end-to-end restaurant and hospitality management technology and solutions, serving customers in 120,000 locations worldwide.