FPE Capital LLP closed its acquisition of Kallik Ltd., marking the fifth investment from its FPE Fund II LP.
Kallik offers a cloud-based label compliance systems platform for the medical device, pharmaceutical and chemical segments.
The private equity firm, which is focused on technology-enabled companies in the U.K., will support the company's growth by strengthening its team and building its existing sector credentials.
John Hawkins, former chairman of Kallidus Ltd., which was backed by FPE, will join the company's board as nonexecutive chairman. Former Zinc Ahead Ltd. Sales Head David Bennett will join the business as CRO, along with other marketing and finance executives.
FPE received legal advice from Charles Russell Speechlys, commercial advice from CIL Management Consultants, financial and tax advice from RSM, management advice from Continuum Ventures and sales advice from Sales Forensics. Acuity Advisors, Claritas Tax and Gateleys Legal advised the selling shareholders.
