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ABG Corporate Finance has provided buy-side advice to FPE Capital on its acquisition of cloud and data migration specialist Egress Ltd.  Financial terms of the transaction have not been disclosed.

Egress is a leading provider of data migration services for blue-chip public sector and private sector clients, including the NHS, Birmingham City Council, IBM, Fujitsu, University of Birmingham, DHL and Balfour Beatty.  It delivers large and highly complex cloud migration projects on a range of Tier 1 ERP systems.

FPE Capital is a specialist investor focused on software and services businesses in the lower-mid market.  The transaction represents FPE’s first investment from its newly raised FPE Fund III. 

The deal also marks the third time that ABG Corporate Finance has worked with FPE Capital in providing buy-side advice on its recent platform investments. Kristian Gavan, Partner, who led the ABG Corporate Finance team, commented: “We are delighted to continue building on our long history of supporting FPE Capital.  As a specialist investor in technology businesses, they are an ideal partner to Egress for its next phase of growth.”

Llewellyn John, Partner at FPE Capital, said: “The ABG Corporate Finance team provided invaluable assistance to the management team of Egress in developing a well thought through and ambitious business plan to enable both us and our banking partners, Triplepoint, to build conviction around the investment.   We always enjoy working with ABG Corporate Finance who consistently provide sensible, pragmatic input into transactions.”

For more information or to discuss how we may be able to help you, please contact Kristian Gavan (kgavan@ABGCorporateFinance.com).