Luminii provides Commercial Due Diligence support to FPE Capital and Point74 on its acquisition of Quor System
Luminii are delighted to have provided Commercial Due Diligence (CDD) to FPE Capital (FPE) and Point74 on its recent acquisition of Quor Systems (Quor), a specialist in compliance and factory quality management.
Point74 was FPE’s seventh investment from FPE Fund III, the firm’s second specialist software, data, and services fund. With FPE’s support, the business is accelerating product and technology development and investing in its go-to-market function to further expand its presence in the UK and internationally. The acquisition creates a combined business offering a unified digital platform for food manufacturers across the full product lifecycle, combining Point74’s end-to-end product lifecycle and recipe management capabilities with Quor’s deep expertise in supplier compliance, specifications and paperless factory quality processes.
The merger builds on Point74’s vision of digitising the food manufacturing industry. The company recently launched their Professional/ ‘Pro’ package, a ready-to-use product lifecycle management (PLM) platform designed to help manufacturers scale product development, accelerate time to market, improve margins and strengthen compliance.
The platform will enable food manufacturers and retailers to manage an end-to-end product lifecycle process, helping them create and manage product development and production data, enhance factory process management, improve product quality and strengthen regulatory compliance. The unified digital thread will enable food businesses to replace spreadsheets and disparate systems with seamless information exchange from formulation and manufacturing processes through to ERP systems.
“Point74 is the number one PLM software partner for food manufacturers in the UK, and our acquisition of QUOR represents a significant step forward in our continued growth and ambition. We know how important it is for our customers to have insight into master data and effective management of processes and products. By strengthening our offering even more, we’re creating a UK-first solution which meets the challenges of managing products and factories head on. From chefs and NPD teams to technical and finance teams, we’re proud to have a platform which supports the food and drink manufacturing sector in delivering innovation and best practice.” – Rob Sinclair, CEO, Point74
“We’re delighted to support Point74 in this next stage of its development. The combination reflects the strength of the management team’s vision and their ambition to build a leading software platform for the food manufacturing sector. By bringing these capabilities together, Point74 is well positioned to support customers as the industry continues to digitise.” – Henry Sallitt, Partner, FPE
"Luminii are delighted to have supported FPE and Point74 on this transaction. This is yet another deal that helps to strengthen our credentials in the technology sector. We extend our best wishes to FPE, Point 74 and Quor for continued success in the future." – Lushani Kodituwakku, Managing Director, Luminii Consulting
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