May 17, 2021
Lexington Corporate Finance is pleased to announce that it has acted as the sole Corporate Finance Advisor 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 quickly 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 the 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.
The Lexington team was led by Thomas Edwards and Pablo Shorney who advised the Shareholders managing interactions with FE, their due diligence providers and supported the process through to a successful conclusion.
Ray Adams, CashCalc Director and Founder said “We’re delighted to join the FE fundinfo family and we’d like to thank Lexington for all the work they put into making this happen. Thomas and Pablo were both efficient and effective and we would highly recommend them. Everyone at CashCalc is incredibly excited, so a big thank you from all of us.”
Thomas Edwards, Director, said “It was a pleasure leading the Lexington 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.”
Martyn Davies and Stuart Brothers of Harrison Clark Rickerbys provided legal advice to the Shareholders.