FPE Capital invests in Dynamic Planner

Min Ho
15 July 2022

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FPE Capital, a software and services focused lower mid-market growth investor, has invested in Dynamic Planner, a software provider to the UK wealth management sector, according to a statement.

The deals marks the second investment for FPE Fund III, which raised of GBP 185m in May, according to Unquote Data. The GP acquired Egress, a UK-based cloud & data migration specialist, in April.

Under FPE, the financial planning software will focus on growth opportunities in the UK and Europe.

Reading-headquartered Dynamic Planner now serves almost 40% of UK wealth advice firms and over 150 asset managers, profiling over GBP 250bn of assets via its SaaS platform. The company has grown to over 100 employees and is on track to pass GBP 10m in annual recurring licence revenues this year.

FPE Fund III will deploy tickets of GBP 5m-GBP 25m over 11-13 platform deals. The UK-domiciled vehicle is 80% larger than its predecessor, which held a final close in October 2017 on GBP 101m.

Company
Dynamic Planner enables financial planning and advice firms to match people with suitable portfolios through engaging financial planning. Its product features an independent asset risk model using more than 2,400 covariance correlations to assess the risk of tens of thousands of investments and client portfolios daily. Based in Reading, the company was founded in 2003.

People
FPE – David Barbour (managing partner), Dan Walker (partner and co-founder), Llewellyn John (partner and co-founder), Harriet Hunt (investment manager).
Dynamic Planner – Ben Goss (CEO).

Advisor
Equity - DC Advisory (buyside), Stephenson Harwood (legal), CIL (commercial), Intechnica (IT diligence), Grant Thornton (financial), Tax Advisory Partnership (tax); Continuum (management).

Vendor - Deloitte (financial advisor to shareholders), Mazars (vendor due diligence), Moorcrofts (management).