M&A Deal Summary

iCapital Network Acquires Axio

On September 21, 2021, iCapital Network acquired financial services company Axio

Acquisition Highlights
  • This is iCapital Network’s 2nd transaction in the Financial Services sector.
  • This is iCapital Network’s 5th transaction in the United States.
  • This is iCapital Network’s 2nd transaction in New York.

M&A Deal Summary
Date 2021-09-21
Target Axio
Sector Financial Services
Buyer(s) iCapital Network
Deal Type Add-on Acquisition
Advisor(s) Ardea Partners LLC (Financial)
Kirkland & Ellis (Legal)

Target

Axio

New York, New York, United States
website
Axio provides financial advisors with support in the evaluation, selection, and purchase of structured notes to complement the investment portfolios of their clients. The company's full-service solution is integrated with the industry’s leading domestic and international bank issuers of structured notes and various ecosystem providers. Axio leverages real-time data, analytics, and reporting interfaces to meet the diverse requirements related to the full structured note lifecycle. In addition, it serves both issuers and financial advisors with customized and knowledgeable distribution support fueled by state-of-the-art CRM technology. Axio was formed in 2010 and is based in New York, New York.

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Buyer(S) 1

Buyer

iCapital Network

New York, New York, United States

website

Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

iCapital Network is a financial technology platform that provides simplified access to alternative investments. The state-of-the-art online platform offers a curated selection of private equity funds and hedge funds, extensive due diligence support and powerful research tools to a private member network of qualified investors, family offices, registered investment advisors and broker-dealers. iCapital’s end-to-end solution streamlines and automates the investment process with electronic subscriptions, capital calls, distributions and redemptions, fund statements, and user-friendly investor and tax reporting.

DEAL STATS #
Overall 6 of 8
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (New York) 2 of 3
Country (United States) 5 of 7
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 AI Insight

Worthington, Ohio, United States

AI Insight, Inc. is an alternative investment education and compliance platform offering financial advisors investment research, training, qualification, and compliance support for a broad range of alternative investments, including private capital, hedge funds, non-traded REITs and BDCs, and alternative mutual funds. AI Insight was founded in 2005 and is based in Worthington, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 Simon

New York, New York, United States

Simon helps financial advisors build the portfolio of tomorrow by giving them access to more investment opportunities. The Simon platform offers a marketplace for risk-managed and alternative solutions, including structured investments, annuities, and traditional and progressive alternatives. With education and analytics breaking down the complexity inherent in these products, and a centralized workflow for lifecycle management, financial advisors can learn, transact, and manage client portfolios with confidence. Simon was formed in 2018 and is based in New York, New York.

Buy -
Mergr

Product

Company

Legal