FPE Capital Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, FPE Capital has acquired 1 company. It has also invested in 3 others.

FPE Capital’s most common sectors for investment aresoftware (19%) and internet software and services (17%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (38%) and growth capital (36%). In total, FPE Capital has invested in 1 US state and 5 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired Lesaka Technologies for $53M.

In the last 3 years, FPE Capital has exited 4 companies. The Firm’s most common exit type is secondary buyout (44%). FPE Capital’s largest (disclosed) exit occurred in 2005 when it sold Lesaka Technologies for $335M.

Join Mergr to view FPE Capital’s full profile and discover more small growth capital firm investors just like it.

M&A Summary

  • M&A Total Activity60
    • M&A Buy Activity37
    • M&A Sell Activity23
  • Total Sectors Invested 16
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 20
  • M&A Advisors 10

FPE Capital LLP

7-9 Swallow Street,
London, W1B 4DE
United Kingdom
+44 203 912 8800
www.fpecapital.com
peenquiries@fpecapital.com

FPE Capital is the private equity investment arm of Fleming Family & Partners, a multi-family office. FF&P invests in lower middle market companies throughout the UK and Western Europe. FF&P focuses on rapidly growing companies led by experienced management, with proven track records and scalable business models. Sectors of interest include financial services, healthcare, business/support services, energy/resources and media/information. The Firm will consider buyouts (MBOs, MBIs) as well as growth capital financings. FPE Capital was formed in 2004 and is based in London.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Business Services, Digital Media, Energy Services and Equipment, Engineering, Financial Services, Healthcare Services, Information Technology, Insurance, Media, Medical Products, Oil/Gas Exploration, Renewable Energy, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout

Geographic Preferences: United Kingdom, Western Europe

Transaction Criteria Min Max
Target Revenue 5 50
Target EBITDA - -
Investment Size 3 15
Enterprise Value 10 75
values in millions of GBP

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 31 2 2 2 - - 37
vol $103M $15M $118M
Sell (0.8/yr) # 19 - 4 - - - 23
vol $696M $696M
  60

Most Recent M&A

Company Date Value Type
SPA Worldwide Ltd. 2022-08-18 - Growth Capital
London, United Kingdom · www.globalapptesting.com
Dynamic Planner 2022-07-14 - Growth Capital
Berkshire, United Kingdom · www.dynamicplanner.com
Zest Technology Ltd. 2021-07-21 15M GBP Divestiture
Surrey, United Kingdom · www.zestbenefits.com
Questionmark Computing Ltd. 2021-06-16 - Trade Sale
Trumbull, Connecticut · www.questionmark.com
Masstech Innovations, Inc. 2021-03-11 - Trade Sale
Whiteley, United Kingdom · www.masstech.com
Codestone Group Ltd. 2021-03-09 - Growth Capital
Poole, United Kingdom · www.codestone.net
Sohonet Group Ltd. 2021-03-04 - Secondary Sale
London, United Kingdom · www.sohonet.com
IWSR Drinks Market Analysis Ltd. 2021-02-22 - Secondary Sale
London, United Kingdom · www.theiwsr.com
Togetherall Ltd. 2020-11-06 - Growth Capital
London, United Kingdom · www.togetherall.com
Trivoni Software Ltd. 2020-10-12 - Growth Capital
Manchester, United Kingdom · www.maxcontact.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Software 3 (33%) 15M (100%) 7 (19%) 15M (13%)
Internet Software and Services 2 (22%) - 6 (16%) -
Business Services - - 3 (8%) 53M (45%)
Information Technology 1 (11%) - 3 (8%) 24M (20%)
Information Services - - 3 (8%) 11M (9%)
Financial Services 1 (11%) - 3 (8%) 3M (3%)
Medical Products - - 2 (5%) -
Retail - - 2 (5%) -
Media - - 1 (3%) 12M (10%)
Agriculture - - 1 (3%) -
Communications 1 (11%) - 1 (3%) -
Consumer Products - - 1 (3%) -
Insurance - - 1 (3%) -
Life Science - - 1 (3%) -
Oil/Gas Exploration - - 1 (3%) -
Packaging 1 (11%) - 1 (3%) -
Total 9 $15M 37 $118M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United Kingdom 9 (100%) 15M (100%) 32 (86%) 51M (44%)
United States - - 2 (5%) -
  Connecticut - - 2 (5%) -
South Africa - - 1 (3%) 53M (45%)
Ireland - - 1 (3%) 14M (12%)
Netherlands - - 1 (3%) -
Domestic 9 (100%) 15M (100%) 32 (86%) 51M (44%)
Cross-border - - 5 (14%) 67M (56%)
Total 9 $15M 37 $118M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (11%) - 14 (38%) 79M (67%)
Growth Capital 7 (78%) - 13 (35%) -
Venture - - 5 (14%) 24M (20%)
Divestiture 1 (11%) 15M (100%) 2 (5%) 15M (13%)
Recapitalization - - 1 (3%) -
Secondary Buyout - - 1 (3%) -
Stake Purchase - - 1 (3%) -
Total 9 $15M 37 $118M

Exits by Deal Type

Type Total # Value
Secondary Sale 10 (43%) 183M (26%)
Trade Sale 8 (35%) -
IPO 2 (9%) 335M (48%)
Trade Sale - Public Company 2 (9%) 178M (26%)
Unknown 1 (4%) -
Total 23 $696M

Top M&A Advisors

Financial Deals
RSM EquiCo Capital Markets LLC
 3
Spectrum Corporate Finance (CF)
 2
Mazars Group - Investment Bank
 1
Legal Deals
Charles Russell Speechlys
 7
Armstrong Teasdale
 2
Stephenson Harwood
 2

Deal Values

buy # Total
< $100M 7 $118M
TOTAL $118M
Largest Lesaka Technologies, Inc.
$53M (2004-06-07)
sell # Total
$100M to $1B 2 $489M
< $100M 4 $207M
TOTAL $696M
Largest Lesaka Technologies, Inc.
$335M (2005-08-08)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
5%
2 (5%)
Exited to
Investor(s)
43%
10 (43%)
Strategic(s)
39%
9 (39%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Small

Established

2004

Specialist/Generalist

Generalist

Leadership

Andrew Joy

Chairman, Investment Committee

Llewellyn John

Co-founder & Partner

David Barbour

Managing Partner

Henry Sallitt

Managing Partner

Alison Ettridge

Head of Talent

FAQ

When was FPE Capital LLP founded?

FPE Capital LLP was founded in 2004.

What type of investor is FPE Capital LLP?

FPE Capital LLP is a growth capital firm.

Where is FPE Capital LLP headquartered?

FPE Capital LLP is headquartered in London, United Kingdom.

 Subscribe to unlock this and 201,455
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal