Kallidus secures funding from RBS
HMT LLP advised FPE Capital and Cirencester-based software company Kallidus Ltd on their financing supported by Royal Bank of Scotland.
Founded in 2000, Kallidus is a leading provider of learning and talent Saas solutions with more than 200 clients including Boots, Telefonica, Transport for London and Eurostar. Kallidus employs around 100 staff and is majority owned by FPE following a secondary management buyout from Westbridge Capital in 2015.
The funding package from RBS will support new product development and the launch of new cloud-based services.
HMT provided debt advisory services on this transaction.
Iain Slater, Chief Financial Officer at Kallidus commented:
“HMT provided management with valuable insight and introductions into the broader lending market. HMT’s considerable banking experience and objectivity gave Kallidus assurance that RBS were the right partner to assist our growth. We are delighted to be associated with both HMT and RBS.”
Adrian Howells at HMT commented:
“Kallidus is an attractive client given its very experienced management team, market leading products, diversified client roster and recurring revenue base. HMT are delighted to have assisted FPE and Kallidus secure additional investment to support continued growth.”
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