Both companies grew revenues by c.50% in their most recent trading year. The combined business is expected to generate revenues of around £30m in the current year and employ over 250 digital transformation and cyber specialists.
Following the investment, FSP said it would continue to invest in its suite of services as well as making further strategic acquisitions to accelerate its scale and customer base.
FSP's CEO, Simon Grosse, said: “This marks the start of another exciting chapter in our development. LDC has supported our journey over the past two years, helping us to successfully scale while maintaining our world class culture. Now, with CBPE’s backing, we’re able to accelerate our plan to deepen and broaden our capabilities for customers, starting with the acquisition of Savanti.
We’ve long-admired what Richard and the team are building at Savanti and we see strong synergy to extend our combined services to new and existing customers. Both organisations have a commitment to delivering excellence and innovation, underpinned with our people-first approach.”
Additionally, Savanti's CEO, Richard Brinson, said "This is a hugely exciting moment for us, and we feel immensely confident that this deal will help accelerate the success of the combined business, provide further opportunities for our people to grow and thrive, and allow us to provide extended areas of expertise and capability to support our clients.
We have spent a great deal of time and consideration looking for the right partner to accelerate Savanti’s growth, and FSP stood head and shoulders above the rest in terms of culture fit, synergies and scale of opportunity. This acquisition will enable us to offer a greater breadth and depth of cyber services, improve our time to market and further develop our international presence. This is a hugely exciting time for all our colleagues and a great outcome for our clients.”
CBPE’s investment was led by Jolyon Latimer and Jason Khaksar. It said it was backing the combined FSP and Savanti teams to capitalise on the opportunity in the growing digital transformation and cyber security markets with growth being achieved through a combination of organic growth and strategic mergers and acquisitions (M&A).
Reading-based FSP Consulting Services are a leading digital transformations specialist. They work with a broad range of public and private sector organisations to help them accelerate the opportunities created through digital transformation. Their portfolio of modern workplace, cloud, data, and cyber security offerings, alongside trusted managed services delivery, is driving change for high-profile clients across a range of sectors. They have won multiple awards for their people-centric culture, most recently as a 3-star ‘World Class’ workplace and #1 Best Mid-Sized Company to Work For in the UK, by Best Companies™. They have also been recognised three times as No.1 Best Workplace™ in the UK by Great Place to Work®.
Savanti is a strategic cyber security consultancy with a team of almost 50 experts from its base in London. Their expertise spans cyber security strategy, security leadership, architecture design, identity and security risk assessments for enterprise clients.