The deal

We’re pleased to have acted as lead adviser to the shareholders of CashCalc Limited (CashCalc), the UK’s market-leading cashflow planning provider, on its sale to FE fundinfo.

Founded by Ray and Kim Adams in 2014, CashCalc has established itself as one of the leading technology providers in the UK, with an online suite of financial planning tools including client onboarding, integrations and its award-winning and market-leading Cashflow Modeller.

FE fundinfo was formed in 2018 following the merger of FE, fundinfo and F2C and is backed by private equity house, HG Capital. It provides investment research and model portfolio services to thousands of financial advice firms in the UK.

Our Corporate Finance team, led by Director Thomas Edwards advised the shareholders, managing interactions with FE, their due diligence providers and supported the process through to a successful conclusion.

Thomas Edwards, Director at FRP Corporate Finance, said: “It was a pleasure leading the team on such a positive result for the shareholders. Ray and his wider team have built an exceptional product that still has significant growth potential that will only be increased by the partnership with FE fundinfo, which is a perfect strategic home for the business.”

Ray Adams, Director and Founder at CashCalc, said: “We’re delighted to join the FE fundinfo family and we’d like to thank the Cardiff team for all the work they put into making this happen. Thomas was both efficient and effective and we would highly recommend him.”

Martyn Davies and Stuart Brothers of Harrison Clark Rickerbys provided legal advice to the shareholders.