Capital advises the management team of Business Modelling Applications (BMA) on private equity funding from FPE


Capital Law has advised the management team of BMA, a leading decision intelligence software and services platform for utility companies and asset intensive infrastructure operators, on its investment from FPE – a specialist software, data & services-focused mid-market growth investor.

Founded in 2013 and headquartered in Leeds, BMA has developed Decisio™, a proprietary decision intelligence platform that helps regulated, asset intensive operators understand their asset base and plan and prioritise long-term capital investment. Decisio replaces fragmented spreadsheet models and consultant-led reviews with configurable, data-driven software which embeds within customers’ regulatory planning cycles, supporting auditable and regulator-defensible investment decisions.

Tom Kelleher, Dan Wood and Hakeem Din from our Corporate & Private Equity team, together with specialist support from other teams across the firm, advised the management team on their investment alongside FPE. The transaction demonstrates Capital’s strength and continued commitment to advising ambitious management teams on private equity funding.

Tom Kelleher, who leads Capital’s Corporate & Private Equity team, said:

“The team at BMA have developed a market-leading platform that enables technology-driven strategic and operational decision-making solutions. With ambitious plans for the future, FPE’s investment will help further develop their platform and accelerate growth. This is an excellent example of private equity supporting ambitious management teams to drive innovation, create new jobs and unlock new opportunities for an already thriving business.”

Hakeem Din, Corporate & Private Equity Associate, said:

“Private equity investors remain committed to backing high-quality, growing businesses with proven track records and exceptional management teams, making this an ideal match between FPE and the BMA team. It has been a pleasure supporting Michael and the team throughout this transaction, and we are confident that with FPE’s backing, they are well positioned to deliver on their ambitious growth plans. This marks an exciting new chapter for BMA, and we have every confidence that FPE and BMA will enjoy a highly successful partnership as they embark on the next phase of the company’s growth.”

Michael Avant-Smith, CEO of BMA, said:

“Capital has been a great advisor to me and the rest of the management team throughout the FPE acquisition process. The Capital team’s extensive experience of similar technology-focused private equity deals meant their guidance was clear and that they were able to provide pragmatic solutions as challenges arose. I would like to thank Tom, Hakeem, and the extended Capital team for their support.”


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