FPE Capital has closed the sixth deal for its maiden institutional fund, after buying cybersecurity services consultancy, Intragen.
Intragen provides identity & access governance consulting services to enterprise scale customers in Northern Europe.
The company has reported a revenue growth rate of 30 per cent per annum over the last three years.
FPE managing partner David Barbour said, “We are delighted to be partnering with Ian and Mike to assist them to grow Intragen further and to continue its international expansion.
“Intragen’s success and market leading position is testament to the team’s continual focus on high quality service delivery and outstanding domain expertise.
“The I & AG market continues to expand rapidly, and we see Intragen as exceptionally well placed to capitalise on the opportunities arising from this highly dynamic sector”.
This latest deal follows FPE investing in label compliance SaaS platform Kallik earlier this week.
The firm has also announced recent investments in software companies Questionmark and Masstech as well as data and information business IWSR and soft enterprise resource planning software reseller TNP.
FPE was previously spun out of Stonehage Fleming and went on to raise a £101m fund in October 2017.
Copyright © 2019 AltAssets