UK-based financial planning software provider Dynamic Planner has received “significant investment” from private equity firm FPE Capital.
While the business did not reveal the financial terms of the deal, International Adviser reported in June 2022 that the PE firm was in talks to acquire a majority stake in the company, valued at around £27m ($32.1m, €31.9m).
The investment will “back the current management team and help accelerate the growth of Dynamic Planner and the delivery of its ambitious growth plans in the UK and Europe,” the software provider said.
FPE is a private equity business specialising in backing software as a service (Saas) companies.
Future plans
Ben Goss, chief executive of Dynamic Planner, said: “As a fast growing, privately owned company we were looking for an institutional 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.”
