FPE Capital raises £100 million for its maiden institutional fund
FPE Capital LLP ('FPE'), a growth private equity investor formed in March 2016, has closed its first institutional fund, with £100 million of funds raised from a wide range of institutional investors and family offices in the UK, Europe and US.
FPE Capital invests in high growth UK companies with an enterprise value of £20 - 50 million, and partners with management teams to optimise processes, teams and IT systems, providing access to its network of experts and entrepreneurs to create a path to growth.
Two recent hallmark investments made by FPE include Questionmark, in September 2016, a provider of human resources software and assessment for public and private sector organisations, and Masstech in May 2017, a dual acquisition and merger of two existing businesses, Masstech and SGL. This created a UK headquartered leader in the media industry, providing software solutions for the storage and playout of broadcast media content.
David Barbour, Managing Partner at FPE Capital, commented: "Since our formation as an independent investor in early 2016, we are pleased to have built an institutional investor base from scratch, and reached our fundraising target of £100 million."
Henry Sallitt, Managing Partner at FPE added "The FPE team are really excited about the investment opportunity in the UK that offers so many high growth, small companies that are looking for their first institutional capital to grow. Our strategy is to build partnerships with these management teams, share our experience of professionalising teams and systems and use our network of experts to enable growth and increase revenues."
FPE was advised by Rede Partners and Macfarlanes LLP.
All inquiries:
David Barbour
Managing Partner
t. +44 (0)207 036 5669
e. david.barbour@fpecapital.com