M&A Deal Summary

Broadridge Acquires Itiviti

On March 29, 2021, Broadridge acquired information technology company Itiviti from Nordic Capital for 2.1B EUR

Acquisition Highlights
  • This is Broadridge’s 9th transaction in the Information Technology sector.
  • This is Broadridge’s 0th largest (disclosed) transaction.
  • This is Broadridge’s 1st transaction in Sweden.

M&A Deal Summary
Date 2021-03-29
Target Itiviti
Sector Information Technology
Buyer(s) Broadridge
Sellers(s) Nordic Capital
Deal Type Divestiture
Deal Value 2.1B EUR

Target

Itiviti

Stockholm, Sweden
Itiviti is a technology provider for the capital markets industry. Trading firms, banks, brokers, and institutional clients rely on Itiviti technology, solutions, and expertise for streamlining their daily operations, while gaining a sustainable competitive edge in global markets. With 13 offices and serving more than 400 clients worldwide, Itiviti has a track record of delivering innovative financial infrastructure solutions covering all asset classes, across geographies and regulatory landscapes. We offer highly adaptable platforms and solutions, enabling clients to stay ahead of competitive and regulatory challenges. Itiviti is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Broadridge

Lake Success, New York, United States
Category Company
Founded 1962
Sector Information Technology
Employees14,000
Revenue 6.1B USD (2023)
DESCRIPTION

Broadridge is a provider of investor communications and technology-driven solutions for wealth management, asset management and capital markets firms. The Company helps clients drive operational excellence to manage risk, accelerate growth and deliver real business value. Broadridge was incorporated in 1962 and is based in Lake Success, New York.

DEAL STATS #
Overall 32 of 38
Sector (Information Technology) 9 of 11
Type (Divestiture) 8 of 10
Country (Sweden) 1 of 1
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 FundsLibrary

Bristol, United Kingdom

FundsLibrary Ltd. is a digital platform supporting the life cycle of fund data, documents and regulatory reporting for the Asset Management industry. FundsLibrary Ltd. was established in 2003 and is based in Bristol, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 AdvisorStream

New York, New York, United States

AdvisorStream is a digital marketing platform that uses licensed content to help financial advisors turn clicks into conversations. The Company offers up-to-date articles, commentary, video, and infographic content through newsletters, social media, emails, websites, and client portals. AdvisorStream was founded in 2012 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 67 of 79
Sector (Information Technology) 3 of 3
Type (Divestiture) 2 of 2
Country (Sweden) 37 of 41
Year (2021) 4 of 9
Size (of disclosed) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-26 MFEX Mutual Funds Exchange AB

Stockholm, Sweden

MFEX Mutual Funds Exchange AB is an on-line mutual fund supermarket for retail investors under the name "Fondmarknaden.se". MFEX has developed a seamless electronic platform for online information, payments of trail fees and on-line execution and settlement of funds for Fondmarknaden.se. MFEX Mutual Funds Exchange was founded in 1998 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 United Veterinary Care

Palm Beach Gardens, Florida, United States

United Veterinary Care is a provider of medical and surgical services for veterinary. UVC exists to provide a differentiated platform for independent veterinarians focused on the client experience, enhanced patient care, and bolstered business operations. United Veterinary Care is based in Palm Beach Gardens, Florida.

Buy -
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