Codestone wesbite photo
Codestone wesbite photo

FPE Capital invests into Codestone, a leading independent Business Applications software and Cloud services platform

FPE Capital LLP (‘FPE’), the software & services focused lower mid-market growth investor, announces that it has partnered with the management team of Codestone, a leading Business Applications and Cloud services platform, focused on SAP and Microsoft technologies.

This marks the ninth investment from FPE Fund II. Codestone joins fellow technology services investments TNP and Intragen in FPE’s portfolio.

Codestone is a market leading Business Applications software and Cloud services platform. It is a serial winner at SAP’s annual channel awards, mostly recently awarded a record four awards in February 2021 including Best Performance in EMEA North (Business One & Business ByDesign). The business was founded by Jeremy Bucknell, CEO, and Dan Hobson, CCO, both of whom continue as significant shareholders following FPE’s investment. FPE’s investment marks the first outside investment in the business and provides the business with capacity to pursue acquisitions alongside strong organic growth.

Henry Sallitt, Managing Partner at FPE, commented:

FPE is delighted to have completed its investment into Codestone. FPE has been aware of the business for some time and moved quickly at the opportunity to partner with its award-winning team. We are delighted to be supporting Jeremy and the management team with their growth strategy in the coming years.

Jeremy Bucknell, CEO of Codestone, added:

We are delighted to be partnering with FPE. Their singular focus on software and services really sets the team apart from more generalist investors. They understood our business deeply from our first meeting and we are pleased to have them on board as we accelerate our growth. We look forward to harnessing our partnership to further strengthen and evolve the Codestone proposition to its Customers and target markets.

The FPE investment was led by Henry Sallitt, Llewellyn John and Chris Kay. FPE was advised on the transaction by Stephenson Harwood (Legal), Armstrong Transaction Services (Commercial), BDO (Financial and Tax), Intechnica (Technical), and Continuum Ventures (Management).

The selling shareholders were advised by KPMG Corporate Finance and Stevens & Bolton LLP.


Media inquiries:


David Barbour

Managing Partner

+44 (0) 203 912 8801


Jeremy Bucknell


+44 (0) 370 334 4001

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