Financial services consultancy fscom plans to double with investor

13 October 2022 Consultancy.uk 2 min. read
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Northern Ireland based consultancy fscom has set its sights on doubling in size, following an injection of funds from Bridgepoint. The growth investor will back fscom as it looks to expand into new markets in the coming years.

Headquartered in Belfast with offices in London and Dublin, fscom is a governance, risk, and compliance consulting firm. Largely consisting of ex-bankers, ex-regulators, and former in-house compliance experts, the firm’s team works with major players in the payments, retail banking, investment management and trading and broking sectors. It provides governance, risk and compliance support to firms including Moneycorp, CorPay and Banking Circle.

Recent years have seen fscom build a leading reputation in the sector, both growing its revenue, and amassing a number of awards in the process. These include Best Consultancy for Regulatory Compliance at the Compliance Register Platinum Awards this year, and Boutique Consultancy Firm of the Year at the 2021 Global Advisory Experts Annual Awards.

Chairperson Alex Lee, Directors Alison Donnelly and Philip Creed and Managing Director Jamie Cooke

As fscom looks to kick on from this momentum, it has struck a deal with Bridgepoint – a private equity firm with more than €37 billion in assets under management. The investor specialises in the middle and lower mid-cap markets across six sectors, including financial services and business services.

fscom Managing Director Jamie Cooke commented, “This investment is firstly a testament to our outstanding team who, following a decade of hard work, have built the company into a leading player in payments and investments compliance, financial crime, and cyber security. We are thrilled to partner with Bridgepoint to take forward our ambitious plans for future growth. With their support it will allow us to widen our areas of expertise into new services, grow our client base and broaden career opportunities for our team. The investment will ensure that we can continue to provide practical solutions to our clients in an ever-changing regulatory sector.”

The deal process was managed by corporate finance advisory NovitasFTCL. Meanwhile, the exact terms of the deal will remain confidential.

However, according to a release from fscom, as strategic partners, Bridgepoint will enable the firm to further cement its position within the sector. As the governance, risk and compliance market continues to develop in size and complexity, fscom intends to double in size over the next three years, while also moving into new markets and services.

Bridgepoint spokesperson Mayank Kanga added, “We are excited to partner with fscom to support its expansion and transformation into new markets. This partnership will consolidate the firm’s position as the UK and Ireland’s leading specialist governance, risk and compliance solutions consultancy in financial services. It will help to build a stronger, broader-based business with enhanced potential for further growth.”