Law firm Stephenson Harwood LLP has advised FPE Capital (FPE), a software and services focused lower mid-market growth investor, on its investment in Egress, a cloud and data migration specialist.
This marks the first investment from FPE Fund III – the firm’s third software and services focussed fund – the final close of which is expected to be announced in the next month. Egress provides data migration services for a range of blue-chip public sector and private sector clients. Clients include the NHS, Birmingham County Council, IBM, Fujitsu, University of Birmingham, DHL, and Balfour Beatty. FPE's investment will support Egress' growth strategy, and enable it to capitalise on the current opportunities in the market.
The Stephenson Harwood team was led by private equity partner Malcolm MacDougall, who was supported by senior associate Chris Manning and associates Dafni Loizou and Elliott Dagul. Further assistance was provided by banking partner Julie Romer, who was supported by senior associate Chrissy Vassiliou and associate Ryan Johnson, and tax partner John Meehan.