Wed, 06 Jun 2012 | BUSINESS SALE
FDM Group, an IT services provider with many household name clients, is to be sold this autumn by its owner.
Inflexion Private Equity purchased the Brighton-based IT firm for £33 million, taking it private in early 2010. It is now ready to be placed on the market for £200 million.
FDM has enjoyed strong growth since it was delisted from the junior Aim stock exchange. Its operating profits were up by 50.9 per cent last year to £16.3 million on sales approaching £100 million, up by 16.2 per cent.
It is understood that Inflexion is going to bring in a corporate adviser to manage the sale process, likely to be KPMG.
FDM Group counts HSBC, Virgin Media and British Airways amongst its clients. It has made a success of many large firms’ decision to outsource IT consultancy work to bring costs under greater control. It has been cited by a Sunday newspaper as one of the 20 fastest growing mid-market private equity-owned groups in Britain.
FDM has a presence in several locations - London, Manchester, Zurich, Luxembourg, Frankfurt, New York, Singapore and Hong Kong.
The biggest IT graduate employer in the UK, it specialises in project management office, development, application support, testing, technical/bespoke training and infrastructure.
A rare chance to acquire a Midlands-based retail designer renowned for custom shop fittings and innovative design solutions, complete with in-house design and manufacturing capabilities.
This mixed dental practice offers a predominantly private service with the addition of NHS general and orthodontics contracts, benefiting from a large and loyal patient base as well as a thriving hygiene function.
LEASEHOLD
This is a reputable drainage solution company with a long-established presence and an excellent reputation in Somerset.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.