M&A Deal Summary

FPE Capital Acquires Zest Technology

On July 21, 2021, growth capital firm FPE Capital acquired software company Zest Technology from The SimplyBiz Group for 10M GBP

Acquisition Highlights
  • This is FPE Capital’s 7th transaction in the Software sector.
  • This is FPE Capital’s largest (disclosed) transaction.
  • This is FPE Capital’s 30th transaction in the United Kingdom.

M&A Deal Summary
Date 2021-07-21
Target Zest Technology
Sector Software
Buyer(s) FPE Capital
Sellers(s) The SimplyBiz Group
Deal Type Divestiture
Deal Value 10M GBP

Target

Zest Technology

Surrey, United Kingdom
Zest Technology provides software for the employee benefits market, delivered directly to clients and through licensees. The Zest employee benefits platform works hard to engage employees with their benefits, any time, anywhere, any place. Zest Technology is based in Surrey, England.

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Buyer(S) 1

Buyer

FPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 35 of 37
Sector (Software) 7 of 8
Type (Divestiture) 2 of 2
Country (United Kingdom) 30 of 32
Year (2021) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Questionmark

Trumbull, Connecticut, United States

Questionmark is a provider of technologies and services which enable organizations to measure knowledge, skills, and attitudes securely through reliable, valid, and defensible assessments, and consequently achieve successful learning outcomes. Questionmark was founded in 1988 and is based in Trumbull, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Dynamic Planner

Berkshire, United Kingdom

Dynamic Planner enables advice firms to match people with suitable portfolios through engaging financial plans. Dynamic Planner is an end-to-end, risk-based system, using a single definition of risk to ensure nothing is lost in translation in the planning and advice process. Dynamic Planner was founded in 2003 and is based in Berkshire, United Kingdom.

Buy -

Seller(S) 1

SELLER

The SimplyBiz Group

Huddersfield, United Kingdom
Category Company
Founded 2002
Sector Business Services
Employees500
Revenue 63M GBP (2019)
DESCRIPTION

The SimplyBiz Group is a provider of outsourced regulatory and business support services to the financial services market. The SimplyBiz Group was founded in 2002 and is based in Huddersfield, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-20 Defaqto

Haddenham, United Kingdom

Defaqto Ltd. is an information provider to the financial services industry, focused on providing intelligence to support better decision-making. The Company provides products and services to most UK retail financial product providers, to asset managers, to financial advisers, to industry regulators and to comparison websites.

Buy £74M
Mergr

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