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FPE Capital leads first institutional investment into Dynamic Planner, a leading software provider to the UK wealth management sector

FPE News

14th July 2022

Investment is the second investment from FPE Fund III – the firm’s third software and services focussed fund

FPE Capital LLP (‘FPE’), the software & services focused lower mid-market growth investor, announces that it has led the first institutional investment into Dynamic Planner, a leading software provider to the UK wealth management sector.

This marks the second investment from FPE Fund III, the successful final close of which was announced in May at a raised hard cap of £185m.

The investment from FPE will back the current management team and help accelerate the growth of Dynamic Planner and the delivery of its ambitious plans in the UK and Europe.

Dynamic Planner has been growing rapidly in recent years and now serves almost 40% of UK wealth advice firms and over 150 asset managers, profiling over £250 bn of assets via its SaaS platform. Headquartered in Reading, UK, the company has grown to over 100 employees and is on track to pass £10m in annual recurring licence revenues this year. In the last 12 months it has launched a raft of upgrades to ensure Dynamic Planner and its open API is the leading end-to-end financial planning system for a hybrid world.

FPE Capital has a successful track record in backing SaaS businesses with a focus on market leading, quality products and strong, client focused, cultures. The business is run by an experienced management team, led by Ben Goss as CEO, and FPE’s investment will help to accelerate growth with the launch of new products for the company’s core market.

David Barbour, Managing Partner at FPE, commented: “FPE is delighted to have completed this investment in Dynamic Planner, our second from our recently closed FPE Fund III and which follows on from our March investment into Egress, the provider of data migration services for a range of blue-chip public sector and private sector clients.

The investment in Dynamic Planner builds on our success in software focused product businesses with strong positions in attractive end markets. Our investment focus is on assisting high quality businesses scale successfully, and we are excited to partner with Ben Goss and his team to support their growth ambitions and capitalise on the significant tailwinds in the wealth management sector as it increasingly adopts digital tools and products.”

Ben Goss, CEO at Dynamic Planner added: “As a fast growing, privately owned company we were looking for an investor partner to help us take the business to the next level in the UK and internationally. Our selection of FPE was based not just on their track record of backing software companies that successfully scale, but also on their team who we feel share our values.

From the outset FPE understood the value that Dynamic Planner brings to our clients and industry as an independent provider of technology and asset risk modelling serving a growing community in the wealth management sector who trust and rely on us. They also share our vision for solving our industry’s major challenges through technology such as process digitisation, customer experience, investing sustainably for future generations, and omni channel financial planning in a post pandemic world.

This investment allows us to progress our industry for the better and as a management team we look forward to sharing the benefits of this collaboration with our clients and team in the months and years ahead.”

The FPE investment was led by Dan Walker, Llewellyn John and Harriet Hunt. FPE was advised on the transaction by DC Advisory (Buyside), Stephenson Harwood (Legal), CIL (Commercial), Intechnica (IT Diligence), Grant Thornton (Financial), Tax Advisory Partnership (Tax) and Continuum (Management).