Bishopsgate advises Point74 on its investment from FPE Capital
Location
Sector
Deal Type
Value
Bishopsgate advised the shareholders of leading Food Lifecycle Management software provider to the food manufacturing sector, Point 74 on its investment from FPE.
Point74 is a provider of Food Lifecycle Management, compliance and ESG software to food manufacturers, brands and retailers worldwide. The business serves a global customer base and has grown to 80 employees.
Point74 has developed a high-quality software platform that digitises customers’ new product development processes including recipe development, supplier specification, costing models, and workflow. Point74 has also recently launched supplier management and ESG capabilities to further support customers’ strategic objectives. Customers include leading white-label food manufacturers, retailers and internationally recognisable food brands.
Point74 was founded and will continue to be led by Mark Wood (Commercial Director), Sam Neal (Client Services Director) and Will Telford (Chief Technology and Product Officer).
FPE led the buyout of Point74. This investment is the seventh investment from FPE Fund III – the firm’s third specialist software and services fund, the successful final close of which was announced in May 2022, at a raised hard cap of £185m. FPE has a successful track record in backing software businesses providing mission-critical products into targeted end verticals. With FPE’s support, the business will now accelerate product and technology development and invest in the go-to-market function to further the business’ market penetration both in the UK and internationally.
Bishopsgate Advisors
Ed Wesson
Sam Reynolds
Cameron Rothwell
Mark Wood – Commercial Director of Point74
We went through a thorough selection process to select our chosen M&A advisor and I’m so glad we chose Bishopsgate. Their knowledge of software businesses of our size is unrivalled and their skill in executing on a complex Private Equity transaction was so impressive. They ran a highly competitive process including both UK and overseas strategic investors ensuring any party we met would be the right fit for us both strategically and culturally. Bishopsgate’s commitment to finding the ideal investment partner and guiding us through the complexities of a Private Equity transaction has been invaluable. Ed and the team were top notch, they were incredibly supportive and always there when needed, their deep industry knowledge and understanding of the sector really shone through – a true advisor of the highest quality.
Sam Reynolds – Bishopsgate Corporate Finance
We’re thrilled to have advised Point74 on their significant investment from FPE to support the growth of this revolutionary software in the Food & Beverage sector. Point74’s blue chip customer base relies on the software for all components of new product development from suppliers through to back of the pack labelling and therefore understanding the F&B sector as advisors was critical in securing the right partnership for the company. Our knowledge of the sector allowed us to run a highly competitive process including both UK and International investors that understand the sector and its specific requirements, resulting in an excellent partnership for the company’s future growth.
Cameron Rothwell – Bishopsgate Corporate Finance
It was an absolute pleasure to have worked on this transaction alongside Ed and Sam. Mark, Sam and Will have founded a fantastic business, with Point74’s software being truly groundbreaking for the Food & Beverage sector. This investment from FPE will allow Point74 to rapidly grow over the coming years and fulfil its tremendous potential. This is another great deal that we have done in the software space, with our extensive knowledge in the area allowing us to find the right buyer for the Business and deliver a brilliant outcome for all parties. Huge congratulations to Mark, Sam and Will at Point74 and FPE Capital!
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