BDO advises FDM on Inflexion investment
BDO advises FDM on Inflexion investment
BDO has provided M&A advice to FDMUK (“FDM”), the industry leader in providing telecoms market share, pricing and proposition data across Europe, on its investment from Inflexion, a leading European mid-market private equity firm.
The investment is being made by Inflexion’s Enterprise Fund V and will accelerate its global ambitions.
FDM has established itself as the industry authority within UK telecoms due to its unrivalled data quality & granularity and is the fastest growing insights agency of its type, having realised 150% growth over the last three years. Its proprietary point-of-sale and real-time pricing datasets provide the most accurate view of market share and brand performance measurement, and is utilised by every major UK broadband provider, mobile operator and price comparison website, as well as by global manufacturers.
Inflexion will support the continued growth of FDM including expanding the company’s geographic reach and product offering, with dedicated investment set aside for strategic M&A and new technologies such as machine learning and AI to ensure the company continues to provide best-in-class datasets and insights.
Mehul Kotecha, Co-founder of FDM, commented, “We are excited to start this next phase in FDM’s journey and are thrilled to welcome Inflexion as our new partner. They have proven expertise in scaling data companies which will empower us to expand our market reach, breadth of product offerings, and ability to provide best-in-class datasets, as we continue to deliver unparalleled service for our clients.
"A huge thanks to the BDO Tech M&A team for all their hard work and support throughout the preparation and investment process. Their hands on style and insights into the buyer community meant we found the right investor to continue our growth journey.”
Gordon Carstairs, Will Tingle and Andrew McAlpin from BDO advised FDM on the transaction. Gordon adds: “FDM is a fantastic, high growth business providing mission critical data insights to the telecoms market. We were delighted to support the shareholders on their ambitions and find the right partner to supercharge their international growth plans.”
Malcolm Coffin, Partner and Head of Enterprise Fund at Inflexion, commented, “FDM is an exceptional business that provides must-have data. We are delighted to be backing the existing management team to build on their market leading position and support their ambitious growth plans to become a global data provider.”
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The organisations we work with are Britain’s economic engine; entrepreneurially-spirited, high-growth businesses that fuel the economy.
We understand the ambitions and entrepreneurial mindset of those we work with and have the global reach, integrity and expertise to help people and businesses succeed.
BDO LLP
BDO LLP operates in 17 offices across the UK, employing 8,000 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.
BDO’s global network
The BDO global network provides business advisory services in 166 countries and territories, with more than 115,000 people working out of 1,776 offices worldwide. It has revenues of US$14bn.
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The investment is being made by Inflexion’s Enterprise Fund V and will accelerate its global ambitions.
FDM has established itself as the industry authority within UK telecoms due to its unrivalled data quality & granularity and is the fastest growing insights agency of its type, having realised 150% growth over the last three years. Its proprietary point-of-sale and real-time pricing datasets provide the most accurate view of market share and brand performance measurement, and is utilised by every major UK broadband provider, mobile operator and price comparison website, as well as by global manufacturers.
Inflexion will support the continued growth of FDM including expanding the company’s geographic reach and product offering, with dedicated investment set aside for strategic M&A and new technologies such as machine learning and AI to ensure the company continues to provide best-in-class datasets and insights.
Mehul Kotecha, Co-founder of FDM, commented, “We are excited to start this next phase in FDM’s journey and are thrilled to welcome Inflexion as our new partner. They have proven expertise in scaling data companies which will empower us to expand our market reach, breadth of product offerings, and ability to provide best-in-class datasets, as we continue to deliver unparalleled service for our clients.
"A huge thanks to the BDO Tech M&A team for all their hard work and support throughout the preparation and investment process. Their hands on style and insights into the buyer community meant we found the right investor to continue our growth journey.”
Gordon Carstairs, Will Tingle and Andrew McAlpin from BDO advised FDM on the transaction. Gordon adds: “FDM is a fantastic, high growth business providing mission critical data insights to the telecoms market. We were delighted to support the shareholders on their ambitions and find the right partner to supercharge their international growth plans.”
Malcolm Coffin, Partner and Head of Enterprise Fund at Inflexion, commented, “FDM is an exceptional business that provides must-have data. We are delighted to be backing the existing management team to build on their market leading position and support their ambitious growth plans to become a global data provider.”
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Note to editors
Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.The organisations we work with are Britain’s economic engine; entrepreneurially-spirited, high-growth businesses that fuel the economy.
We understand the ambitions and entrepreneurial mindset of those we work with and have the global reach, integrity and expertise to help people and businesses succeed.
BDO LLP
BDO LLP operates in 17 offices across the UK, employing 8,000 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.
BDO’s global network
The BDO global network provides business advisory services in 166 countries and territories, with more than 115,000 people working out of 1,776 offices worldwide. It has revenues of US$14bn.
Contacts
Press officeEmail: media@bdo.co.uk