Tech: Bedford Consulting investment from Keensight Capital

Armstrong is pleased to have provided sellside commercial due diligence (CDD) support for Bedford Consulting, the leading EMEA implementation partner of Anaplan’s Enterprise Performance Management (EPM) software, as it takes investment by Keensight Capital, the technology-focused, pan-European growth buyout private equity firm.

Bedford Consulting is an Anaplan Gold Partner and has been its EMEA partner of the year for the past seven consecutive years. Anaplan is a pioneering developer of SaaS-based connected planning and analysis (“xP&A”) software which has transformed the way in which enterprises monitor, plan and drive business performance. Bedford Consulting has offices in London, Düsseldorf and Stockholm, and employs approximately 80 deep-domain technical Anaplan experts who support more than 250 large and mid-market customers across the automotive, banking & insurance, consumer goods, technology, transportation and utilities sectors.

Keensight’s partnership will support Bedford’s founders in their ambitious growth strategy to support Anaplan’s journey to increase its penetration in the xP&A market, to expand across Europe, and to extend its service offering to its clients.

Armstrong sellside CDD work included an assessment of market demand for Anaplan and the wider EPM SaaS and consulting market, a detailed review of the competitive landscape for both EPM and for Anaplan implementation partners, and a detailed assessment of Bedford’s growth opportunity.

Neil Doyle, Chairman of Bedford Consulting, said; “We enjoyed working with the Armstrong team. They got an understanding of our business and market position quickly. The CDD report was comprehensive and high quality, they helped investors understand the Anaplan market and our growth opportunity within it.

Simon Hemsley, Partner at Armstrong said; “Congratulations to Neil and Cathal and the team at Bedford, and thanks to the other advisors involved – it was a real team effort. Bedford is a great business and has a fantastic opportunity to grow because of its high-quality client service, its deep expertise in xP&A, and collaborative relationship with Anaplan. We look forward to seeing the business continue to grow in partnership with Keensight.”

If you’re interested in discussing Armstrong’s views on opportunities in the technology or business services sectors, please contact one of the team;

Mike Callow, Partner

[email protected]
+44 7894 594 500

Email Mike

Rupert Cookson, Senior Consultant

[email protected]
+44 7983 110150

Email Rupert

Charlie Mundy, Consultant

[email protected]
+44 7853 430630

Email Charlie

Simon Hemsley, Partner and Head of Business Services

[email protected]
+44 7957 340534

Email Simon