M&A Deal Summary

Broadridge Acquires Matrix Financial Solutions

On November 23, 2010, Broadridge acquired financial services company Matrix Financial Solutions from Bluff Point Associates for 201M USD

Acquisition Highlights
  • This is Broadridge’s 1st transaction in the Financial Services sector.
  • This is Broadridge’s 4th largest (disclosed) transaction.
  • This is Broadridge’s 4th transaction in the United States.
  • This is Broadridge’s 1st transaction in Colorado.

M&A Deal Summary
Date 2010-11-23
Target Matrix Financial Solutions
Sector Financial Services
Buyer(s) Broadridge
Sellers(s) Bluff Point Associates
Deal Type Add-on Acquisition
Deal Value 201M USD
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Matrix Financial Solutions

Denver, Colorado, United States
Matrix Financial Solutions, Inc. provider of mutual fund processing solutions for the defined contribution market, and holds a substantial position in the rapidly growing small- and medium-sized retirement plan segment. Its open architecture solutions enable customers to leverage distribution arrangements with approximately 25,000 mutual funds from nearly 500 mutual fund families.

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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 5 of 38
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 5 of 28
State (Colorado) 1 of 1
Country (United States) 4 of 29
Year (2010) 3 of 4
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-21 City Networks

London, United Kingdom

City Networks Ltd. is a software and services provider of reconciliation, multi-asset process automation and operational risk management solutions to the global financial services industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-02 Forefield

Marlborough, Massachusetts, United States

Forefield, Inc. is a provider of real-time sales, education, and client communication solutions for financial institutions. Forefield’s web-based platform enables financial advisors to deliver current and concise educational and marketing materials to their clients.

Buy $20M

Seller(S) 1

SELLER

Bluff Point Associates

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Bluff Point Associates is a private equity firm that invests in middle-market information technology companies serving the financial services and healthcare industries. The Firm looks for control positions in growth-oriented companies with $3 to $30 million in revenue. Bluff Point Associates was formed in 2011 and is based in Westport, Connecticut.

DEAL STATS #
Overall 1 of 15
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 11
State (Colorado) 1 of 1
Country (United States) 1 of 15
Year (2010) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-14 Aplifi

Pompano Beach, Florida, United States

Aplifi, Inc. is a leading technology provider that focuses on the life insurance and financial services markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Administrative Systems

Sacramento, California, United States

Administrative Systems, Inc. is a provider of innovative software and services used to facilitate retirement benefit disbursements and related item processing.

Buy -
Mergr

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