Acquisition of FourNet by Palatine Private Equity
Deal TypeM&A & Private Equity
IndustryTechnology & Media
BDO Tech M&A has advised Palatine Private Equity on its acquisition of FourNet. FourNet is an award-winning digital transformation and customer experience specialists with clients including 10 Downing Street, the Cabinet Office, HM Treasury and the Bank of England.
The Manchester based business was acquired by YFM Equity Partners four years ago has achieved impressive growth in both revenue and profitability in that period. Palatine will continue to focus on organic growth whilst looking to pursue an M&A strategy to bring in complementary skills and expertise.
"We engaged with BDO early in the FourNet process given their strong knowledge of the sector. As their team consists of deal experts and individuals who have worked in tech businesses, they were able to provide a strong blend of technical expertise and tech sector insight which made them the ideal partner to work with us on the transaction. Their understanding of market drivers and competition helped us shape the offer and guide conversations with various diligence providers - we look forward to working with the team again soon."
Andy Strickland, Senior Investment Director, Palatine Private Equity