The 1st Group is looking to enter markets across the asset management, valuation and surveying sectors.
Graham McIntosh, chief executive of the 1st Group, said: “We’re always looking for new ways to minimise costs and maximise value for our clients and we’ve spotted an opportunity to capitalise on our market insight.
“We set our sights on becoming a key player in the UK but we knew we could only achieve this with a USP and the backing of a strong investor.
“FW Capital understands our business model and has structured an investment that will let us put our business on a firm footing and broaden our client base.”
FW Capital made the investment from its £20m North East Growth Plus Fund which can provide single-round investments of between £350,000 and £1.25m.
Rob Jones of FW Capital who led the deal, said: “We’re pleased to back the 1st Group with this investment. They’ve spotted an opportunity and created a strong market offering by drawing upon their combined knowledge and technical expertise.
“We’ve been extremely impressed by their commitment to providing their clients with the highest quality of service.”
