Armstrong has provided CDD support to FPE Capital LLP (‘FPE’), the software & services focused lower mid-market growth investor, as it partners with the management team of Codestone, a leading Business Applications and Cloud services platform, focused on SAP and Microsoft technologies.
Codestone is a market leading Business Applications software and Cloud services platform. The business was founded by Jeremy Bucknell, CEO, and Dan Hobson, CCO, both of whom continue as significant shareholders following FPE’s investment.
Armstrong leveraged previous work in the space and built a clear view on the evolution of SAP’s SME offering and how partners can leverage the platform to provide a differentiated and future-proofed proposition and increase share of wallet by integrating it closely with the Microsoft stack.
Henry Sallitt, Managing Partner at FPE, commented:
“FPE is delighted to have completed its investment into Codestone. FPE has been aware of the business for some time and moved quickly at the opportunity to partner with its award-winning team. Armstrong made a huge contribution to our understanding of this fast-evolving ecosystem and the development of our value creation plan.”
Mike Callow, Director Armstrong said:
“Codestone is a high quality business with a strong management team and a great platform for growth. It is well positioned to evolve and further differentiate its service offering, helping UK SMEs maximise the value they get from their SAP and Microsoft stacks”
This is the 17th technology deal that Armstrong has supported in the last 12 months, and the 7th ERP deal the last three years.
For more information on this and other deals in this sector please contact:
Head of Technology
+44 7894 594 500