GCP invests in FlyDocs' plans for international expansion

The fresh capital will support FlyDocs' international expansion plans, which include an acquisitive growth strategy.

GCP's funds were drawn from its £160m third fund, which held a final close in May 2011.

The GP's most recent deal saw it join Endless in providing portfolio company Excelsior Technologies with fresh capital to fund its international growth plans.

Company
Founded in 2007 and headquartered in Tamworth, FlyDocs provides software and paperless data analysis services to the aviation sector. The business has a headcount of around 100, with additional operations in India, the Philippines and the US.

People
Richard Shaw, an investment director at GCP, led the deal alongside Ravi Monteiro, James Blake. Adrian Ryan is CEO of FlyDocs.

Advisers
Equity – Squire Patton Boggs, Tim Hewens, Claire O'Connor, Peter Morley, Alistair Francis (Legal).
Management – Browne Jacobsen, Mike Jackson, Andrew Noble, Jude King (Legal); Quayle Munro, Tim Shortland, Dan Bessant, Thomas Redford (Corporate finance).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom