Summary
- FSP receives growth investment from CBPE, with existing backer LDC reinvesting in partnership
- FSP simultaneously acquires cyber security consultancy Savanti
We are pleased to announce that FSP have secured additional investment from private equity investor CBPE, alongside original 2020 investment partner LDC, in support of our continued expansion. Since then, we are delighted to have more than doubled our revenues and headcount and we continue to expand our customer base and services.
The additional investment has enabled the simultaneous acquisition of Savanti, a leading strategic cyber security consultancy with a team of almost 50 experts. Their expertise spans cyber security strategy, security leadership, architecture design, identity and security risk assessments for enterprise clients. This partnership will further strengthen our capabilities in cyber services to our growing portfolio of customers.
Following the investment, we will continue to invest in our suite of services as well as make further strategic acquisitions to accelerate our scale and customer base.
Remarking on the investment and concurrent acquisition, Simon Grosse, our CEO, said:
“This marks the start of another exciting chapter in our development. LDC has supported our journey over the past two years, helping us to successfully scale while maintaining our world class culture. Now, with CBPE’s backing, we’re able to accelerate our plan to deepen and broaden our capabilities for customers, starting with the acquisition of Savanti.
Simon added “We’ve long-admired what Richard and the team are building at Savanti, and we see strong synergy to extend our combined services to new and existing customers. Both organisations have a commitment to delivering excellence and innovation, underpinned with our people-first approach.”
Richard Brinson, CEO at Savanti, said:
“We spent a great deal of time and consideration looking for the right partner to accelerate Savanti’s growth, and FSP stood head and shoulders above the rest in terms of culture fit, synergies and scale of opportunity. The acquisition will enable us to offer a greater breadth and depth of cyber services, improve our time to market and further develop our international presence. This is a hugely exciting time for all our colleagues and a great outcome for our clients.”
Additional information
CBPE’s investment was led by Jolyon Latimer and Jason Khaksar. It said it was backing the combined FSP and Savanti teams to capitalise on the opportunity in the growing digital transformation and cyber security markets with growth being achieved through a combination of organic growth and strategic M&A.
Jolyon Latimer, Partner at CBPE Capital, said:
“We are delighted to be backing Simon and his team in the acquisition of Savanti and delivering the next stage of the FSP journey. Both FSP and Savanti benefit from a people-centric culture and pride themselves on delivering exceptional levels of customer service. The combined group is well placed to continue to scale and enhance its service offering.”
LDC’s investment in FSP was led by Investment Director, Chris Morris and Partner & Head of South, Lawrence Dean.
Lawrence Dean said:
“Over the past two years, Simon and the team have built a world-class consultancy platform with deep expertise in digital transformation. With an expanded investor base, the team is now ideally placed to scale further and faster as demand for their services increases. Bringing a leading player in cyber security consultancy like Savanti into the group is just the start and we’re excited to continue supporting the business during this next phase.”