FD Technologies to be Acquired by US Private Equity in £570m Deal
Deal News | May 08, 2025 | Business Cloud
FD Technologies plc, a Northern Irish software company listed in London and on the Euronext exchange, is set to be acquired by Boston-based private equity firm TA Associates in a deal valued at £570 million. This agreement will see TA Associates pay £24.50 in cash per share, representing a 48% premium over the pre-offer trading price. FD Technologies, which has refocused itself as a database software company following the sale of its First Derivative capital markets consulting arm to EPAM Systems for £230 million last year, and the merger of its marketing technology division MRP with US firm CONTENTgine earlier in 2024, is poised for its next phase of development. With strategic shareholder support, representing 57% of the share allocation but short of the required 75% to finalize the deal, the company anticipates that TA’s operational expertise will amplify KX’s data-driven mission.
Sectors
- Software Development
- Private Equity
- Financial Consulting
Geography
- United Kingdom – FD Technologies is a Northern Irish company listed in London, making the UK a central geography to the company's operations.
- United States – TA Associates, the acquiring private equity firm, is based in Boston, US, highlighting the international nature of the deal.
- Netherlands – FD Technologies is listed on the Euronext exchange headquartered in Amsterdam, making the Netherlands relevant to its market presence.
Industry
- Software Development – FD Technologies provides database software and related services, making Software Development a core part of its business operations.
- Private Equity – The article discusses a significant acquisition involving a US private equity firm, TA Associates, which is central to the transaction.
- Financial Consulting – The mention of FD Technologies' consulting service, First Derivative, sold to EPAM Systems, highlights its involvement in financial consulting.
Financials
- £570 million – The amount TA Associates is paying to acquire FD Technologies.
- £230 million – The enterprise value for which FD Technologies sold its First Derivative business to EPAM Systems.
- £24.50 per share – The cash offer price per share agreed by TA Associates, representing a 48% premium to the closing price before the offer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FD Technologies plc | Target Company | Company | A Northern Irish software firm focused on database software and previously involved in financial consulting. |
| TA Associates | Bidding Company | Company | A Boston-based private equity firm acquiring FD Technologies for £570 million. |
| EPAM Systems Inc. | Buyer of First Derivative | Company | A US software company that acquired FD Technologies' First Derivative consulting business in a previous transaction. |
| CONTENTgine | Merger Partner | Company | A US firm that merged with FD Technologies’ marketing technology division MRP. |
| Donna Troy | Chair of FD Technologies | Person | Chairperson of FD Technologies, leading the company through its strategic transformations. |
| Ashok Reddy | CEO of KX | Person | CEO of KX, FD Technologies’ high-performance data and analytics software division. |