Salter Brothers announce third investment in PropTech industry, backing Hendry Group
Global funds management firm Salter Brothers has announced their latest private equity fund investment into PropTech firm, Hendry Group.
Hendry Group, a leading national advisory firm with a thirty-seven year history in the risk and compliance sector, has evolved its offerings to provide technology enabled solutions to the built-environment. Hendry Group is considered the leading PropTech player in the built-form compliance and asset life cycle space.
Ranking 53rdin the AFR Boss 100 Most Innovative Companies List in 2018, Hendry Group is once again shortlisted for the prestigious recognition this year, after being recognised for their innovation in Proptech and whole-of-life compliance solutions.
This investment by Salter Brothers will further enable Hendry to advance their tech-backed approach to risk, compliance and asset optimisation of the built-form. Underpinned by its proprietary SAAS platform that allows for collaboration, Hendry Group will continue to provide customers with enhanced regulatory, compliance and advisory services and solutions.
Hendry Group CEO Ms. Emma Hendry, commenting on the investment, “we aredelighted to have a strategic partner that appreciates our unique market position, where our SAAS platform gives us exposure to every element of the property ecosystem and an ability to deliver expanded solutions to our customers. With this investment we will be able to further cement Hendry Group as Australia’s largest integrated risk, compliance and asset optimization firm.”
Commenting on the investment, Salter Brothers Co-Founder and Chief Executive Officer, Robert Salter, expressed the firm’s enthusiasm and support of the evolving Hendry business model.“We see Hendry Group as a dominant and disruptive force in the PropTech sector, with a unique proposition to successfully meet the complex and changing regulatory demands of the built-environment.” he said.
Mr. Salter further commented that “Ms. Hendry has a clear vision for the future of this industry and has successfully transitioned Hendry Group to be a first mover in the provision of a SAAS platform in this space, which will allow the company to expand into new markets internationally”.
This investment by Salter Brothers is its third investment in the PropTech space. The PropTech market is growing rapidly, with over $12billion in global VC investments seen in 2017, and 2018 surpassing that amount. Other investments include DisplaySweet, which provides a SAAS platform for property developers; and AirServicewhich provides a SAAS platform for hotels, resorts, stadiums and restaurants to deliver enhanced guest experiences.