International law firm Addleshaw Goddard has advised private equity investor CBPE Capital on its investment in FSP, the fast-growing provider of digital transformation services, to support the business’ continued expansion.

CBPE's investment, alongside existing investor LDC, has enabled FSP’s simultaneous acquisition of leading cyber security consultancy Savanti, strengthening its capabilities in cyber services to its growing portfolio of customers. The combined business is expected to generate revenues of around £30m in the current year and employ over 250 digital transformation and cyber specialists.

The Addleshaw Goddard team advising on the deal included Paul Medlicott, Dan Rathbone, Rabia Burton, Katie Parker, Ben Edwards, Sam Wright, Jaan Khan, McLean Wickham, Umar Tahir, Nick Blair and Catherine Concannon.

Paul Medlicott said:

"This investment sets up a great partnership between CBPE, LDC and FSP and we were delighted to support the CBPE team in completing the deal. FSP has shown tremendous growth in recent years and with the Savanti deal, along with potential future acquisitions, it is well placed to capitalise on huge opportunities in the digital transformation and cyber security sectors."

Reading-based FSP provides a range of consultancy services to large companies and public sector organisations spanning digital transformation, cloud engineering, data and artificial intelligence and cyber security.

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.