M&A Deal Summary

Adenza Acquires AxiomSL

On October 19, 2020, Adenza acquired software company AxiomSL from TCV

Acquisition Highlights
  • This is Adenza’s 1st transaction in the Software sector.
  • This is Adenza’s 1st transaction in the United States.
  • This is Adenza’s 1st transaction in New York.

M&A Deal Summary

Date 2020-10-19
Target AxiomSL
Sector Software
Buyer(s) Adenza
Sellers(s) TCV
Deal Type Merger
Advisor(s) Evercore Group (Financial)
Weil Gotshal & Manges (Legal)

Target

AxiomSL

New York, New York, United States
AxiomSL is a provider of risk data management and regulatory reporting technology for the financial services industry including banks, broker-dealers, asset managers, and insurance companies. AxiomSL was established in 1991 and is based in New York City.

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Buyer(S) 1

Buyer

Adenza

New York, New York, United States

Category Company
Sector Software
DESCRIPTION

Adenza provides customers with end-to-end, trading, treasury, risk management, and regulatory compliance platforms which can be delivered on-premise or on-cloud. It enables financial institutions to consolidate and streamline their operations with front-to back solutions integrated with data management and reporting, benefitting from a single source of truth across the business. Adenza is based in New York, New York.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 Sernova Financial

London, United Kingdom

Sernova Financial Ltd. is a provider of cloud-based clearing and post trade services. with a focus on clearing and extensions into back-office services such as collateral and integrated risk management. Sernova Financial's solutions are designed and built by ex-prime service professionals of a top-tier global bank with specialization on intermediation, clearing, collateral, and risk management.

Buy -

Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 74 of 84
Sector: Software M&A 21 of 23
Type: Merger M&A Deals 1 of 1
State: New York M&A 8 of 8
Country: United States M&A 67 of 73
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 Oversight Systems

Atlanta, Georgia, United States

Oversight Systems is a web-based software solution that automates spending program compliance by comprehensively analyzing expense reports, purchase cards, and accounts payable transactions to identify fraud, non-compliant purchases, as well as inefficient and wasteful spending. Oversight Systems was founded in 2003 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 ActiFio

Waltham, Massachusetts, United States

Actifio is a backup and disaster recovery (DR) company offering customers the opportunity to protect virtual copies of data in their native format, manage these copies throughout their entire lifecycle, and use these copies for scenarios like development and test. Actifio was formed in 2009 and is based in Waltham, Massachusetts.

Sell -