4most announces investment by Phoenix Equity Partners

Today we’ve announced some exciting news! Read our press release below to get the low down:

PRESS RELEASE

4most, one of the UK’s leading independent risk and data analytics consultancies, today announces the next chapter in its growth story, with Phoenix Equity Partners acquiring a majority stake in the business. Phoenix will invest alongside the existing 4most management team and employees as part of the transaction.

With 240 employees and representation across four countries, 4most delivers mission-critical services to financial institutions including banks and insurers. Founded in 2011 by Mark Somers, who remains a supportive shareholder, and Mark Sisson, the Company works with clients ranging from challenger banks to world-leading international financial institutions to design, build and implement regulatory and non-regulatory risk and pricing modelling solutions in the credit and actuarial risk markets. 4most has supported over 100 financial services providers in the last five years, many of which are household names.

In a market that is growing and being shaped by several long-term structural drivers, from increasing regulation and complexity to technological change, heightened credit risk, climate reporting and consumer duties, 4most is well-positioned for continued success.

4most has delivered revenue growth of more than 30% year-on-year since 2020 and is on track to deliver £10 million EBITDA in 2023. Fundamental to this outstanding performance has been 4most’s unique, forward-thinking culture of shared success, underpinned by significant employee ownership in the business. This progressive, diverse, high-performing environment of employee-owners has allowed the business to attract the best people and this culture will continue following the transaction, with all employees benefiting from equity in the Company.

Whilst 4most’s core credit and actuarial risk markets remain significant growth opportunities, Phoenix’s investment will enable the business to scale faster in adjacent high growth markets, support the launch of innovative products and services, deliver larger programmes for tier one organisations in the UK and Europe, and accelerate international expansion, both organically and through acquisition.

Phoenix will work closely with CEO Rob McDowell and the 4most management team to deliver on the forward growth plan.

Rob McDowell, CEO, 4most, said: “It is clear that in Phoenix we have found the right investor and partner for the next phase of 4most’s growth. They are excited by our progressive culture, unique values and trusted client relationships. These factors allow us to attract the best people and to deliver great service to clients. Phoenix’s experience of scaling businesses will be invaluable as we look to further enhance our differentiated service offering to banks and insurers, and accelerate our growth globally. I am incredibly proud of our employees and how far we’ve come since we started in 2011, and with Phoenix’s support and expertise, look forward to this new chapter.”

Chris Neale, Partner at Phoenix, said: “We have followed 4most for several years and have been hugely impressed by what Rob and the whole team have achieved. Deep regulatory knowledge, technical skills and a collaborative approach have enabled the Company to build long-term embedded relationships with clients. With our support, allied to 4most’s people and culture, the Company is ideally placed to capitalise on the many exciting opportunities ahead.”

For more information please contact Jonathon Brill at 4most@dentonsglobaladvisors.com.