The acquisition of Irish regtech agency Fenergo by non-public fairness corporations, the Paris-based Astorg and London-based Bridgepoint has been concluded in a US$600 million deal.
The transaction was accomplished following approval by the European Fee.
This deal may doubtlessly push Fenergo’s market valuation to US$1.165 billion, making it certainly one of Eire’s new unicorns.
Getting into its third chapter of progress, Fenergo goals to develop progressive, digital options that equip monetary establishments with the instruments to navigate the extremely advanced regulatory surroundings and struggle monetary crime, reworking consumer operations, accelerating progress and enhancing consumer and worker expertise.
Fenergo just lately strengthened its C-suite to work alongside Marc Murphy, who will proceed to strategically steer the enterprise in the direction of natural and inorganic progress.
The regtech will drive deeper market penetration and geographic footprint by way of the continued innovation of its SaaS and on-premise platforms and product line improvement.
“We’re excited to embark on the subsequent chapter of our story with Astorg and Bridgepoint following the conclusion of our acquisition. Each corporations have a confirmed observe report in investing in and scaling high-growth corporations like Fenergo.
The acquisition validates the distinctive worth Fenergo delivers to monetary establishments in immediately’s quickly evolving enterprise surroundings, and we stay up for persevering with our progress trajectory with the assist of our new buyers,”
mentioned Marc Murphy, CEO of Fenergo.
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