Portico Capital announced today that it served as the exclusive corporate finance adviser to Financial Express (“FE”) on an investment in the company by HgCapital (“Hg”). Giles Roshier, Managing Director at Portico Capital commented “We’re delighted to have represented FE on this transaction. As the leading provider of investment data, software and performance analytics in the UK fund market, we have followed and admired the company for many years. With the support of Hg and, in particular, their depth of knowledge in the financial data sector, FE is set to continue its impressive development on its next phase of growth.”
Below are more details from the Company’s press release:
FE announces investment by Hg to fuel international growth
LONDON, 14 MAY 2018: FE, the leading provider of investment data, research and software to the financial services industry, announced today that Hg, a leading global growth private equity firm, will be investing in the business to fund its next phase of growth.
Founded by Michael Holland and Craig Wilson, FE operates a proprietary database of complete retail funds data with global coverage and history, built up over 20 years. Trusted by hundreds of thousands of investors, advisers, asset managers and platforms who use FE data, software and investment advice every day, FE is a leading player in supporting the UK fund industry.
The investment comes on the back of significant expansion of FE’s global operations and product offering over the past few years, and another year of record growth for the company in 2017.
Sebastien Briens, Partner at Hg, said: “We have been following FE for a number of years, and have been impressed by the strength and depth of its data, products, team and vision. We are very pleased to partner with Michael, Craig and Neil in the next stage of growth for the business.”
Neil Bradford, CEO at FE, said: “Hg’s track record and experience in our sector means they are the perfect partner to continue FE’s growth strategy and international expansion ambitions. We look forward to working with the Hg team.”
Michael Holland, co-founder of FE, said: “Data is at the foundation of everything we do and Hg has a deep understanding of the fund data space. I am confident that this partnership will hugely benefit our clients.”
Portico Capital served as the exclusive corporate finance adviser to FE with respect to this transaction.
FE is a leading provider of data, software and performance analytics to the financial services industry. FE’s products and services are designed to interpret and analyse data, helping financial advisers and investors stay well informed and ultimately make sound investment decisions. FE also provides tools and software for fund managers and other financial services firms, including products to assist with fund reporting and analysis as well as fund marketing and presentation materials. FE has offices in the UK, Europe and across Asia Pacific. Its clients include life and pension providers, asset managers, financial advisers and networks, wrap platforms, fund supermarkets, software houses, and financial portals. www.financialexpress.net
Hg is a sector expert investor, committed to helping build ambitious businesses across the technology, services and industrial technology space, primarily in Europe. Deeply resourced sector teams focus on specific sub-sectors and investment themes to identify companies occupying an established position within a niche, and which have the potential to grow faster than their market, create employment and become the leader in their industry. Hg’s dedicated operations innovation team provides practical support to management teams to help them realise their growth ambitions. Based in London and Munich, Hg has funds under management of over £9 billion serving some of the world’s leading institutional and private investors. For further details, please see www.hgcapital.com
About Portico Capital
Portico Capital provides independent strategic and financial advisory services in the areas of mergers & acquisitions (M&A), recapitalisations and capital raisings exclusively to private and public companies in the global information and business services/software sector. The firm, founded in 2000, has offices in New York, Greenwich and London. For more information, please visit www.porticocap.com