Osborne Clarke advises FPE on investment into BMA

Published on 1st July 2026

International legal practice Osborne Clarke has advised FPE, a specialist software, data & services-focused mid-market growth investor, on its investment into Business Modelling Applications (BMA), a leading decision intelligence software and services platform for utility companies and asset‑intensive infrastructure operators. 

This transaction underlines Osborne Clarke's strength in advising private equity sponsors and PE-backed technology and software businesses. The firm regularly advises on platform investments, buy-and-build strategies and strategic M&A across the software, data and infrastructure value chain.

Founded in 2013 and headquartered in Leeds, BMA has developed Decisio™, a proprietary decision intelligence platform that helps regulated, asset‑intensive operators understand their asset base and plan and prioritise long-term capital investment. Decisio replaces fragmented spreadsheet models and consultant-led reviews with configurable, data-driven software which embeds within customers’ regulatory planning cycles, supporting auditable and regulator-defensible investment decisions.

BMA is a great example of the type of technology-driven business we regularly help private equity sponsors invest in. Our deep focus on the technology, media and telecommunications sector means we understand the opportunities and complexities that come with backing high-growth software platforms, and we're well placed to help clients like FPE execute these transactions efficiently and effectively.

Pippa Byrne, Partner, Osborne Clarke.

The Osborne Clarke team was led by partner Pippa Byrne, associate director Alex Littlefield and associates Demi Joannides and Benjamin Smith (Corporate), supported by partner Lara Fatemi and associate Dan Charie (Employment), and partner Michael Carter, associate director Rhiannon Jones, and associate Ishita Karnik (Incentives).