Travers Smith LLP has advised FE, a UK-based data, analytics and software vendor focussed on the UK and Australian retail investment funds markets, on the agreed investment to be made in it by HgCapital Trust Plc. Completion of the transaction is conditional upon regulatory approval.
The Travers Smith team was led by Senior Partner Chris Hale and Private Equity Partner Jim Renahan and also included Private Equity Senior Counsel Alex Dixon and Private Equity Associates Jessica Kolhorn and Natasha Cheung. Tax Partner Hannah Manning and Tax Associate Laura Jackson provided tax advice.
The transaction terms are confidential.
Founded by Michael Holland and Craig Wilson, FE is a leading provider of investment data, research and software to the financial services industry in the UK and operates a proprietary database of complete retail funds data with global coverage and history, built up over 20 years. Trusted by hundreds of thousands of investors, advisers, asset managers and platforms who use FE data, software and investment advice every day, FE is a leading player in supporting the UK fund industry.
The investment will be made from the Mercury 2 Fund. FE has a number of business characteristics that Hg looks for, including a strong position in the wealth / asset management software and data sector, a well-recognised brand, mission-critical products, and a strong management team led by Neil Bradford.