We have advised specialist software and services-focused investor, FPE Capital LLP (FPE), on its investment in Point74.
The transaction represents the first institutional investment into Point74, a leading food lifecycle management software provider to the food manufacturing sector. The investment is the firm’s seventh from FPE Fund III – a specialist software and services fund – which was announced in May 2022 at a raised hard cap of £185m.
Headquartered in Bourne, Lincolnshire, Point74 provides a software platform that digitises customers’ new product development processes, including recipe development, supplier specification, costing models, and workflow. The business was founded by Director Mark Wood, Client Services Director Sam Neal, and Chief Technology and Product Officer Will Telford, all of whom will remain in their respective executive positions.
With FPE’s backing, Point74 is well-positioned to enhance its market presence across the UK and internationally, accelerate its product and technology development, and invest in its go-to-market function.
Our team was led by partner and London head of corporate Zum Mohammed and corporate partner Oliver Harker, supported by corporate senior associate Ian McDonald, corporate solicitor Charles Davies, and partner and head of tax James Gopsill.
Zum Mohammed commented: “We are delighted to have advised FPE on its investment into Point74. This partnership presents an exciting opportunity for Point74 to leverage FPE’s extensive expertise in driving the growth of software and services businesses. The transaction demonstrates Gateley Legal’s robust track record in advising on private equity investments and our ability to deliver value and strategic guidance. We look forward to seeing the positive impact of this partnership in the future.”