HMT LLP advised FPE Capital on their investment in 60 Decibels, a social impact measurement company, that talks directly to customers, employees or beneficiaries about social issues in more than 50 countries on behalf of impact focused investors and enterprises.
60 Decibels sources its social impact measurement data via short phone calls through a field of over 800+ remote researchers, where recipients are asked both quantitative and qualitative questions; these conversations are then turned into end individual-level impact performance data through the business’ proprietary methodology, with their technology enabled database increasingly allowing analysis, comparability and benchmarking within market segments. The business was jointly founded between the UK and US, with the management team split between London and New York, and with subsidiary operations in India and Kenya.
FPE’s growth capital investment will help 60 Decibels capitalise on ESG driven market demand for data and insight around societal impact by investing in sales and marketing, as well as further technology enablement in order to drive delivery efficiencies and transition further towards a data and subscription led business model around customer benchmarking and ratings.
This marks the eleventh investment from FPE Fund II. 60 Decibels is the fifth investment FPE has made in the last 13 months in the wake of the COVID pandemic.
HMT undertook financial due diligence for FPE on this transaction.
Llewellyn John, Partner at FPE Capital commented:
“Very pleased to have worked with Paul and the HMT team on our investment in 60 Decibels; they produced timely and efficient financial analysis throughout the transaction, repeating the experience of our acquisition of Zest Technology a few months ago.”
Paul Read commented:
“We are delighted to have advised FPE on their growth capital investment in 60 Decibels. This transaction reinforces FPE’s leading position as a software & services focused lower mid-market growth investor. We look forward to working with them again in the future.”