Phoenix today announces a majority investment in 4most (the “Company”), a leading provider of risk analytics and modelling solutions to banks and insurers. Phoenix has invested alongside the management team, led by CEO Rob McDowell, and employees to support the continued growth of 4most amid strong demand for its technical expertise. The transaction is the second investment from Phoenix’s 2022 Fund.

Founded in 2011, 4most operates globally from offices in London, Leeds, Dublin and Bangalore. 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. In an increasingly complex landscape of regulation for prudential and credit risk, climate reporting and consumer duties, there is an ever-greater need for the specialist advice and technical delivery of modelling solutions which 4most provides.

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 strong culture of shared success, underpinned by significant employee ownership in the business. This 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 also support the launch of new complementary products and service lines, as well as accelerating international expansion, both organically and through acquisition.

Rob McDowell, CEO of 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.”