Inflexion completes £28.4m take-private of FDM Group
Inflexion Private Equity has completed the de-listing of IT services company FDM Group. The deal valued the AIM-listed business at £28.4m, down from £33.3m, as reported in unquote" in December last year, when the deal was agreed.
Established in 1991, FDM is an international IT services company with sales offices in London, New York, Frankfurt, Zurich and Luxembourg. The business specialises in the provision of outsourced IT solutions, predominantly to large blue chip organisations. It services more than 200 clients worldwide in five service areas: application support, testing, consultancy, training and infrastructure.
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