Financial advice software provider Dynamic Planner is the latest firm in the market to receive M&A attention from a private equity company.
According to Citywire New Model Adviser, UK-based private equity firm FPE Capital is in talks to take a majority stake in the parent company of Dynamic Planner.
Distribution Technology provides risk-profiling software, cashflow modelling and other analytical tools for advisers through the Dynamic Planner brand.
The reports said that FPE is looking to take a majority stake in the business, in a deal that will value it at around £27m ($32.9m, €31.3m). Talks around the deal are reportedly at an advanced stage.
Dynamic Planner declined to comment to International Adviser. IA also contacted FPE Capital, but it did not reply in time for publication.
According to the most recent documents filed at Companies House, the biggest shareholder in Distribution Technology is Dynamic Planner chief executive Ben Goss, who holds around 30% of the company’s share capital.
Other major shareholders include chairman Neil Brown and non-executive director Jon Whitmore.