A healthcare software business in South Gloucestershire has been acquired by a private equity-backed investment platform.
Fingerprint Global (FPG) provides tech which collects data on surgical instruments within hospitals and clinics. It is designed to monitor the sterilisation and decontamination of equipment to ensure its safe use.
FPG’s ‘track and trace’ system is used by around 200 NHS trusts in the UK and as a national supplier in Ireland’s public hospitals.
The business, based in Chipping Sodbury, has now been sold to Halcyon, an investment platform set up by London-based private equity firm Aliter Capital. The value of the deal has not been disclosed.
READ MORE: Take part in our survey of Gloucestershire businesses
FingerPrint joins Halcyon’s portfolio which also includes Net Solving, a digital health data analytics platform providing web-based data collection systems for clinical audits, disease and patient registries and quality improvement programmes.
The majority of the six shareholders at FPG will remain in the business as part of the FPG division and wider group, in order to drive the business through its next phases of growth.
Tarquin Miller, managing director at FPG said: ‘FingerPrint has great growth potential and having built a strong relationship with Aliter and Halcyon, we are confident we can achieve this faster and more efficiently with their support.
“The team and I are very excited to be joining Halcyon and believe that being a part of a wider group will create further opportunities for our business and customers.”
Aliter partner Greig Brown said: “It takes time to choose the right fit for Halcyon, having come across many businesses within the healthcare space. We chose FingerPrint because they are a great fit with our core strategy and because they bring a fantastic team of people to the group, as well as market leading technology.
“We look forward to continuing to create new , exciting opportunities within the healthcare space.”
Audit, tax and consulting firm RSM UK has advised on the sale. Clodagh Tunney, corporate finance partner at RSM in Bristol, said: ‘Halcyon recognised the great potential of FPG and the growing demand for its specialist software. Its acquisition of the business will enable FPG to scale up, improve efficiencies and service levels in the NHS and private healthcare sector.
“This deal is a great example of the skills and entrepreneurship in the medical tech sector driving innovation, and their attractiveness to buyers who want to invest and help them grow.”
Read next:
- Chief executive of graphene firm Versarien resigns
- Aerospace firm Ontic agrees three deals with US tech giant Honeywell
- West Country firms attend sustainability-themed careers event at SGS College
- Gloucestershire businesses - have your say on what you need to thrive
Like this story? Why not sign up to get the latest South West business news straight to your inbox.
