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26 June 2018

Charles Russell Speechlys advises FPE Capital on the acquisition of The NAV People

Charles Russell Speechlys has advised long-standing client FPE Capital on the acquisition of Vedbaek Holdings Limited (t/a The NAV People), the UK’s leading value added reseller of Microsoft Dynamics NAV enterprise resource planning software and services to mid-sized UK corporates.
Founded in 2009, The NAV People has grown from 6 staff members to 150, and now services over 300 customers.  FPE Capital will partner with the management team, which is led by CEO Ian Humphries, who has worked in the NAV sector for over 20 years and was a founder of Alpha Landsteinar Ltd, one of the first NAV partners in the UK.  Paul White, formerly Microsoft UK’s lead for the Dynamics product suite also joined the board at completion as a non-executive chairman and brings 25 years’ experience in Microsoft Dynamics and broader Enterprise Software.
Partner, Malcolm MacDougall, commented: “We were delighted to advise FPE Capital in relation to the acquisition of The NAV People.  This transaction marks the fourth investment in FPE’s £100m maiden institutional fund announced in October 2017 and our fifth transaction for FPE this year, following the acquisition of IWSR in April and FPE’s three successful exits in Q1 of 2018. It was a pleasure working with the FPE team once again and we look forward to seeing the business grow from strength to strength.”

Llewellyn John, Partner at FPE Capital commented: “We are delighted to have closed our fourth investment in our £100m FPE Fund II and are grateful to the Charles Russell Speechlys team for their continued high quality advice and support”.

The Charles Russell Speechlys team was led by Corporate Senior Associate Lucy Thorpe and Corporate Partner and Head of Private Equity Malcolm MacDougall, and comprised Corporate Associates Fiona Walsh and Nathan Lightman and members of the firm’s Corporate Tax, Banking, Commercial and Employment teams.