Private equity firm FPE Capital has invested in Kallik, a labelling compliance business.
Kallik is based in the Midlands and provides labelling and artwork management and compliance services to multinational customers including Exxon Mobil, Cardinal Health, Molnlycke and Integra.
The business is focused on sectors such as medical devices, pharmaceuticals and chemicals, where the risk of non-compliance with labelling regulation, and subsequent product recalls, is high.
Its core product provides a SaaS cloud-based collaborative platform to ensure that labels are produced in a compliant format in multiple jurisdictions, delivering traceability across the entire labelling supply chain.
David Barbour, Managing Partner at FPE, said: “FPE is delighted to have completed the buyout of Kallik, a great business addressing compliance-driven customer demand at a global scale.”
Ashley Goldie, Chief Operating Officer of Kallik, added: “We are delighted to be working with FPE, whose expertise in high-growth businesses will be hugely valuable to us. We have been impressed with their significant experience in enterprise software and the depth of their bench of talent and are enthusiastic about the opportunity to scale Kallik together.”
This transaction marks the fifth investment from FPE Fund II.