Codestone is delighted to announce that we have partnered with FPE Capital, the highly regarded software and services sector specialist investment house. As a leading SAP & Microsoft solutions provider to the UK SME and Mid-Market, this partnership will ensure that Codestone remains at the forefront of innovation and customer excellence in this demanding and evolving sector.
The timing of this exciting new chapter could not be better, coming off the back of 4 wins at the annual SAP channel awards, including Best Performing Partner in EMEA North (SAP Business One & SAP Business ByDesign). All the executive and management team will remain here at Codestone. FPE’s investment marks the first outside investment in Codestone in our 23-year history and provides the business with the capacity to pursue acquisitions alongside strong organic growth.
Most importantly, for Codestone’s Customers, this means increasing even further our strength and depth in the solutions we provide today whilst adding new complementary solutions to the portfolio very soon. We also plan to further strengthen our geographic coverage of the UK.
Jeremy Bucknell, CEO of Codestone, commented:
“We are delighted to be partnering with FPE. Their singular focus on software and services really sets the team apart from more generalist investors. They understood our business deeply from our first meeting and we are pleased to have them on board as we accelerate our growth. We look forward to harnessing our partnership to further strengthen and evolve the Codestone proposition to our valued Customers and target markets.”
Henry Sallitt, Managing Partner at FPE Capital, added:
“FPE is delighted to have completed its investment into Codestone. FPE has been aware of the business for some time and moved quickly at the opportunity to partner with its award-winning team. We are delighted to be supporting Jeremy, Dan Hobson and the whole management team with their growth strategy in the coming years.”
The Codestone management team was led by Jeremy Bucknell and Dan Hobson. Codestone was advised by KPMG Corporate Finance and Stevens & Bolton LLP.
The FPE investment was led by Henry Sallitt, Llewellyn John and Chris Kay. FPE was advised on the transaction by Stephenson Harwood (Legal), Armstrong Transaction Services (Commercial), BDO (Financial and Tax), Intechnica (Technical), and Continuum Ventures (Management).