DunPort supports FPE portfolio company NoBlue2 to acquire BrightBridge
DunPort are delighted to have provided debt facilities to support FPE Capital’s portfolio Company, NoBlue2, to acquire BrightBridge Solutions. NoBlue2 is now one of Europe’s largest Oracle NetSuite partners. The combined business has over 400 customers, approximately 130 employees and revenues of over £16m.
NoBlue2 was created through the recent merger of NoBlue with Elevate2, which FPE initiated and funded, and which brought together two UK Oracle NetSuite partners, who are able to offer customers support in digital transformation across Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Professional Services Automation (PSA) or Commerce, or a combination of all of these.
BrightBridge is another leading UK solution provider in the Oracle NetSuite ecosystem, and in addition has significant capabilities in Microsoft Dynamics and Sage. It was awarded top 3 Oracle NetSuite EMEA partner status in 2022. The business has over 150 enterprise customers spread across a range of sectors. It employs 46 people.
NoBlue2 and FPE were advised by Stephson Harwood (Legal), Crowe U.K. LLP (Financial and Tax), and Graph Strategy (Commercial). DunPort were advised by Addleshaw Goddard (Legal).
NoBlue2 is the 12th company to have been supported by the Oak Corporate Credit Fund, DunPort’s €335m lending vehicle, and the 57th unique company which DunPort has supported overall. DunPort is one of the leading providers of SME and Corporate private debt solutions in both Ireland and the UK’s lower mid-market and has more recently entered the Benelux market.
