LONDON, 8 JANUARY 2026 – FPE, the specialist software, data & services focused lower mid-market growth investor, announces that its portfolio company Vanda, a global leader of high-frequency positioning data and tactical macro insights, has acquired Exante Data Inc. (‘Exante Data’), an innovative data analytics and global macro strategy provider.

Vanda was FPE’s sixth investment from FPE Fund III, the firm’s second specialist software, data and services fund. Through this investment, FPE is supporting Vanda in expanding its capabilities and market reach, significantly strengthening the company’s data, analytics and global macro-offering. The result is a combined business that offers a unique portfolio of must-have data, research and analytical solutions for the global investor community, with leading capabilities in tactical and structural flow and positioning analysis.

Vanda is the market leader in tactical positioning and flow data, serving a global client base that includes the world’s largest investment banks, hedge funds, central banks, sovereign wealth funds and other leading asset managers. Exante Data, led by Jens Nordvig, is one of the world’s most respected providers of macro strategy and capital flow analysis, supporting more than 100 of the world’s largest and most sophisticated institutional investors. Together, the two businesses combine deep expertise in positioning analysis and flow analysis to deliver data-driven insights across all major asset classes. Jens Nordvig will assume the role of President and join the Board of Directors of the combined company.

Angus Hume, Chief Executive Officer of Vanda, commented, “We are excited to welcome Exante Data to Vanda and to collaborate with Jens, whose expertise has shaped one of the most respected macro intelligence firms in the industry. This is a major step toward building Vanda Analytics, the category-defining digital macro strategist, which we will launch later this year. Exante Data’s macro expertise and technology stack perfectly complements Vanda’s strengths. Together, we will provide unmatched cross-asset data and insight to the world’s leading institutions.”

Chris Kay, Partner at FPE, commented, “We’re thrilled to support Vanda in this next strategic step. Exante Data adds highly complementary proprietary datasets and macro capability, strengthening Vanda’s cross-asset platform today and accelerating the Vanda Analytics roadmap. Together, the group is well positioned to deliver deeper insight to institutional clients globally and sustain strong growth in a rapidly evolving market.”

The terms of the transaction are not being publicly disclosed.

The FPE investment was led by Chris Kay and Sam Greenberg and supported by additional financing from Santander. Vanda was advised on the transaction by BDO (Financial and Tax), Stephenson Harwood (Legal), Troutman Pepper (US Legal), and Plural Strategy (Commercial).

-ENDS-

FPE

FPE Capital LLP (‘FPE’) is a specialist private equity investor focused on the software and services sectors. It invests in lower mid-market UK and Ireland headquartered software and services companies with advantaged business models that offer significant growth potential in large markets that are undergoing structural change. FPE is authorised and regulated by the Financial Conduct Authority. www.fpecapital.com

Vanda

Founded in 2012, Vanda is an independent data and insights firm delivering high-frequency positioning data and tactical macro insights over a 0-3 month horizon. By transforming complex data into actionable insights, Vanda empowers investment professionals with conviction in an ever-changing environment. www.Vanda.com