FPE-backed NoBlue2 picks up BrightBridge Solutions

• FPE is a specialist private equity investor focused on the software and services sectors
• NoBlue2 was created through a merger of NoBlue with Elevate2
• BrightBridge is a UK provider in the Oracle NetSuite channel

FPE Capital announced that its portfolio company NoBlue2 has acquired BrightBridge Solutions with the aim to create one of Europe’s largest Oracle NetSuite partners.

BrightBridge is a UK provider in the Oracle NetSuite ecosystem. The company has additional capabilities in Microsoft Dynamics and Sage, according to FPE. BrightBridge is based in Sharnford.

Headquartered in Nottingham, NoBlue2 was created through a merger of NoBlue with Elevate2 in July 2023. FPE initiated and funded the merger to bring together two UK Oracle NetSuite partners.

NoBlue2 is the fifth investment from FPE Fund III. The acquisition was funded from a new debt facility with DunPort Capital Management and equity from Fund III.

“FPE is delighted to have completed this significant acceleration of our investment in NoBlue2 through this acquisition of BrightBridge so soon after our initial investment,” said Dan Walker, partner at FPE. “We have used our specialist focus on this sector to identify this rapid pathway to creating the leading European Oracle NetSuite partner. We are ambitious to continue an acquisitive and organic growth strategy in this sector and provide our customers with a range of business applications and services to aid their digital transformation.”

FPE is a London-based specialist private equity investor focused on the software and services sectors. It invests in lower mid-market UK and Ireland headquartered companies.