EvolutionCBS advises on sale of cloud provider Egress to FPE Capital

EvolutionCBS, has advised the shareholders of Egress Ltd, a provider of cloud and data migration and integration management services, on its multimillion-pound sale to FPE Capital LLP.

Egress is a provider of cloud and data migration and integration services for a
range of blue-chip Public Sector and Private Sector clients, delivering large and highly complex
cloud migration projects.

Egress has undertaken cloud migration projects on a range of Tier 1
ERP systems and has worked with a number of high-profile clients, including the NHS,
Birmingham County Council, IBM, Fujitsu, University of Birmingham, DHL, and Balfour Beatty.

Steve Barry, Senior Client Director at Evolution CBS, who advised Egress, said:
“We received significant interest in Egress, with 40% of potential acquirers being international
organisations. This transaction underscores how experienced and motivated shareholders,
with the right advisor, can secure an acquirer to accelerate the growth and future potential
within a business.

Steve adds: “The sale of Egress also points directly to the significant appeal that British IT and
Computing businesses hold for Private Equity and international trade investors. Ultimately it was
felt that the best strategic fit for the business and its future going forward, was with the excellent
team at FPE Capital.”

The business is run by an experienced management team, led by Joe Rooke as CEO who said:
“We are delighted to be partnering with FPE, whose expertise in successfully scaling businesses
and understanding of our market has been evident since our first interaction”.

David Barbour, Managing Partner at FPE, commented: “FPE is delighted to have completed this
investment in Egress, which represents the first deal in our newly raised FPE Fund III. The
investment builds on our success in software focused services businesses. Our investment focus
is on assisting high quality businesses scale successfully, and we are excited to partner with Joe
and his team to support their growth ambitions and capitalise on the significant tailwinds in this
market.”