Private equity firm Bridgepoint Development Capital has taken a significant equity stake in FCG, a Nordic firm which provides governance, risk and compliance services to the financial sector.
FCG was established in Stockholm in 2008 and provides consultancy services, outsourcing and fund administration from its operations in Stockholm, Malmö, Copenhagen and Oslo.
The investment will be used to help expand the business further.
The European market for governance, risk and compliance services has grown strongly in recent years and this growth is expected to continue in the light of the increasingly complex regulatory landscape.
Kristian Bentzer, Managing Partner of FCG, said: “We are pleased to welcome Bridgepoint Development Capital as a new owner and partner to FCG. They will add additional business competence, experience from scaling medium-sized businesses, a pan-European network and financial strength, which will allow FCG to continue its growth strategy in the Nordic region and beyond."
Johan Dahlfors, the partner responsible for Bridgepoint Development Capital's investment activities in the Nordic region, added: "We are very impressed with the progress that FCG has achieved to-date. FCG has built a leading position in the Nordic region, based on high-quality services, passionate and competent employees and a broad service portfolio catering to the needs of the entire financial industry in an increasingly complex regulatory landscape. FCG has ambitious plans and we look forward to partnering with current owners and the Company to develop the business further."