Financial services consultancy fscom plans to double down with investor

Northern Ireland-based consultancy fscom is aiming to double in size, following an injection of funds from Bridgepoint. The growth investor will support fscom as it seeks to expand into new markets in the years to come.

Based in Belfast with offices in London and Dublin, fscom is a governance, risk and compliance consultancy. Comprised largely of former bankers, former regulators and former in-house compliance experts, the firm’s team works with major players in the payments, retail banking, investment management , trading and brokerage. He provides governance, risk and compliance support to companies such as Moneycorp, CorPay and Banking Circle.

In recent years, fscom has established a reputation as a leader in the industry, both increasing revenue and amassing a number of awards in the process. These include Best Regulatory Compliance Consultancy at the Compliance Register Platinum Awards this year and Boutique Consultancy of the Year at the 2021 Global Advisory Experts Annual Awards.

As fscom seeks to build on this momentum, it has struck a deal with Bridgepoint, a private equity firm with over €37 billion in assets under management. The investor specializes in mid and small cap markets across six sectors, including financial services and corporate services.

fscom chief executive, Jamie Cooke, said: “This investment is first and foremost a testament to our exceptional team who, after a decade of hard work, have built the company into a leading compliance player. payments and investments, financial crime and cybersecurity. We are delighted to partner with Bridgepoint to advance our ambitious plans for future growth. With their support, this will allow us to expand our areas of expertise into new services, expand our customer base and expand career opportunities for our team. This investment will allow us to continue to provide practical solutions to our customers in an ever-changing regulatory industry. »

The transaction process was handled by corporate finance consultancy NovitasFTCL. In the meantime, the exact terms of the agreement will remain confidential.

However, according to a press release from fscom, as a strategic partner, Bridgepoint will allow the company to further consolidate its position in the sector. As the governance, risk and compliance market continues to grow in size and complexity, fscom intends to double in size over the next three years, while entering new markets and services.

Bridgepoint spokesperson Mayank Kanga added, “We are delighted to partner with fscom to support its expansion and transformation into new markets. This partnership will solidify the firm’s position as the leading consultancy specializing in governance, risk and compliance solutions in financial services in the UK and Ireland. This will help build a stronger and broader business with increased potential for future growth.