FPE Capital

The British Business Bank has announced a significant cornerstone commitment of £40 million to FPE Capital’s Fund IV, a specialist private equity fund focused on scaling B2B software, data, and software services businesses across the UK and Ireland.

Summary of transaction details:

• Value: £40,000,000
• Sector: Software & SaaS
• Advisor: Not mentioned
• Key Entities: British Business Bank (Investor), FPE Capital's Fund IV (Target)
• Location: UK & Ireland (Target portfolio focus)

Note: This commitment forms part of the British Business Bank's growth equity strategy, aiming to bridge the funding gap for smaller, high-growth businesses and drive economic development in alignment with the Government's Industrial Strategy sectors.