Eversheds advises Investec Bank on £308.5m main market IPO of FDM Group
Eversheds has advised Investec Bank, as sponsor and sole bookrunner, on the £308.5m main market initial public offering (IPO) of FDM Group, an IT-focused international professional services provider.
Founded in 1991, FDM is a UK-based international professional services provider focusing principally on IT, specialising in the recruitment, training and deployment of its own permanent IT consultants across six core service areas: development; testing; project management office; data analysis; application support; and infrastructure.
In connection with the IPO, Inflexion Private Equity, FDM Group’s majority shareholder, will sell its entire holdings in the company. Following the IPO, the directors and certain members of the senior management team will, in aggregate, continue to own approximately 20.4 per cent of the issued share capital of the company.
The Eversheds team was led by partner Richard Moulton and principal associate Mark Roe.
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