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BDO has provided M&A advice to FDMUK (FDM), a provider of telecoms market share, pricing and proposition data across Europe, on its investment from Inflexion, a European mid-market private equity firm.
The investment is being made by Inflexion’s Enterprise Fund V and will accelerate its global ambitions.
Inflexion will support FDM in 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.
Gordon Carstairs, Will Tingle and Andrew McAlpin from BDO advised FDM on the transaction.
Carstairs said: “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.”
Mehul Kotecha, co-founder of FDM, added: “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.”
