William Blair acted as the financial advisor to Astorg and Bridgepoint in connection with the pending acquisition of Fenergo, a portfolio company of Insight Partners. The transaction was signed on May 18, 2021. The transaction is subject to customary competition authority approvals and expected to close in the third quarter of 2021.
Transaction Highlights
- Deep sector expertise and relevant relationships: Astorg and Bridgepoint were attracted to William Blair's deep expertise in financial technology, regulatory technology and vertical market SaaS as well as its unique understanding of the US SPAC market and its long lasting relationship with Insight Partners.
- Trusted guidance: William Blair’s team worked closely with Astorg and Bridgepoint, providing thoughtful process tactics, tailored strategic guidance and relevant market insights, continuing to foster a strong and collaborative relationship with Astorg and Bridgepoint.
- Highly strategic transaction: The transaction will enable Astorg and Bridgepoint to drive investment in the firm’s SaaS strategy, product line development and support an expanding team through the next phase of growth.
About the Companies
Fenergo is a leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions. It’s software digitally transforms and streamlines end-to-end CLM processes, from regulatory onboarding, data integration, client and counterparty data management, client lifecycle reviews and remediation, all the way to client offboarding. Based in Dublin, Ireland, Fenergo currently employs over 850 people and has offices in North America, the U.K., Poland, Spain, South Africa, Asia Pacific, and the UAE.
Astorg is a global private equity firm with over €10 billion of assets under management. The company has industry expertise investing in software, healthcare, business-to-business professional services, and technology-based industrial companies. Astorg has offices in London, Paris, New York, Frankfurt, Milan, and Luxembourg.
Bridgepoint is an international alternative asset fund management group, providing private equity and private debt lending solutions to the middle market. With over €26 billion of assets under management, Bridgepoint has offices across Europe, U.S. and China.
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Its mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across its people and portfolio, Insight encourages a culture around a core belief: growth equals opportunity.
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