FPE Capital invests in Kallik, a market leading Label Compliance SaaS platform
FPE Capital LLP (‘FPE’), a growth equity investor in UK technology enabled companies, announces that it has completed the buyout of Kallik, a Midlands-based global leader in label compliance systems.
This transaction marks the fifth investment from FPE Fund II. Kallik joins fellow software companies Questionmark and Masstech in FPE’s current portfolio. Other investments in the fund include data and information business IWSR and the leading Microsoft partner, TNP.
Kallik has been recognised by Gartner as a leading player in the burgeoning labelling and artwork management and compliance sector. The company is focused on sectors such as Medical Devices, Pharmaceuticals and Chemicals, where the risk of non-compliance with labelling regulation, and subsequent product recalls is high, and an increasing focus of boardroom concern. Its core product provides one cloud-based collaborative platform to ensure that labels are produced efficiently and consistently in a compliant format in multiple jurisdictions, delivering traceability across the entire labelling supply chain. The company has an impressive array of multi-national customers including Exxon Mobil, Cardinal Health, Molnlycke and Integra.
FPE plans to accelerate the company’s growth through strengthening the team and building further on the existing sector credentials. John Hawkins, an experienced software executive and former Chair of FPE investment Kallidus, has joined the Board as Non-Executive Chairman. David Bennett, former Head of Sales at Zinc Ahead, a high-growth compliance SaaS provider to the pharmaceutical industry, and previously employed within FPE’s portfolio joins the business as CRO at completion. in addition experienced executives in marketing and finance have also been identified and recruited using FPE in-house talent function and join the business at completion.
David Barbour, Managing Partner at FPE, commented:
“FPE is delighted to have completed the buyout of Kallik, a great business addressing compliance-driven customer demand at a global scale. Our expertise is focussed on delivering accelerated growth in companies operating in large markets that are experiencing change. We recognise those characteristics here and are excited to be partnering with Ashley, David and John to take advantage of that shift.”
Ashley Goldie, Chief Operating Officer of Kallik, added:
“We are delighted to be working with FPE, whose expertise in high-growth businesses will be hugely valuable to us. We have been impressed with their significant experience in enterprise software and the depth of their bench of talent and are enthusiastic about the opportunity to scale Kallik together.”
The FPE investment was led by Henry Sallitt, Dan Walker and Chris Kay. FPE was advised on the transaction by Charles Russell Speechlys (Legal), CIL Management Consultants (Commercial), RSM (Financial and Tax), Continuum Ventures (Management), Sales Forensics (Sales) and Intechnica (IT). The selling shareholders were advised by Acuity Advisors, Claritas Tax and Gateleys Legal.
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