Squire Patton Boggs has represented the senior management team of FMP Global on the sale of FMP Global (alongside UK private equity investor Tenzing) to IRIS Software Group (backed by Hg).
London Private Equity Practice partner Julian Ciecierski-Burns led a multidisciplinary team, advising Justin Cottrell, Founder and CEO, and other members of FMP Global’s senior management team, on the transaction.
FMP Global, founded in 2006, is a leading provider of global payroll services and software. With operations spanning 135 countries, a treasury solution and proprietary software for employers and employees, FMP Global is a one-stop partner for businesses expanding overseas or growing domestically. Tenzing invested in the company in 2016. Since then, FMP Global’s revenue has grown significantly and the business has widened its service offering, broadened its payroll expertise and expanded overseas. FMP Global’s acquisitions in the past three years include the customer contract book of PKF Cooper Parry, a domestic payroll bureau, MCN Associates, serving US businesses, and a North American payroll bureau, broadening the company’s international reach. IRIS Software Group is the UK’s largest privately held software company, with over 650,000 SMEs and 21,000 UK accountancy firms using IRIS applications.