M&A Deal Summary |
|
|---|---|
| Date | 2021-11-09 |
| Target | CSS |
| Sector | Information Technology |
| Buyer(s) | Confluence |
| Sellers(s) | CIP Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1991 |
| Sector | Internet Software and Services |
Confluence is a financial services data management software platform that offers mission-critical regulatory, investor communications, and performance reporting solutions to the global asset management industry. Confluence is uniquely positioned as the only unified data-driven software platform that enables asset managers and global and regional fund administrators to automate various communications and reporting to shareholders and regulators. Confluence was founded in 1991 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Information Technology) | 2 of 2 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-03 |
Investment Metrics
Norwalk, Connecticut, United States Investment Metrics is a provider of investment performance analytics and reporting solutions for institutional consultants, asset managers, and private wealth advisors. Built by institutional investment consultants for investment professionals, the company’s solutions include PARis (performance analytics and reporting), InvestWorks (manager search and due diligence), EQuest (manager data portal), peer universe data, outsourced reporting services and InterSec Research for market intelligence. The company's solutions enable investment professionals to analyze, measure, and report client portfolios in a highly insightful, accurate, and efficient manner. Investment Metrics was formed in 2010 and is based in Norwalk, Connecticut. |
Buy | $500M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| Size | Middle-Market |
| Type | Sector Focused |
CIP Capital is a private equity firm focused on control investments in middle-market, North American business information and outsourced service companies. Specific areas of interest include B2B information management, business process outsourcing, marketing services and knowledge services. CIP looks to invest $25 to $125 million in transactions valued up to $200 million. Funds are typically used to fund buyouts or growth initiatives. CIP Capital was formed in 2010 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 13 |
| Sector (Information Technology) | 4 of 4 |
| Type (Add-on Acquisition) | 3 of 4 |
| State (New York) | 2 of 3 |
| Country (United States) | 12 of 13 |
| Year (2021) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-01 |
Cisive
Holtsville, New York, United States Cisive is a provider of tech-enabled and compliance-driven human capital management and risk management solutions. It currently serves clients across the financial services, transportation, and media and telecom end-markets, among others, and offers transportation clients a comprehensive, industry-focused solution through its Driver iQ branded offering. Cisive was formed in 1977 and is headquartered in Holtsville, New York. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-13 |
Benefit Resources
Rochester, New York, United States Benefit Resources is a provider of consumer-directed benefit (CDB) solutions including FSA, HSA, HRA, and commuter benefit plan programs and COBRA services. BRI utilizes a proprietary suite of technology solutions coupled with a high-touch service model to deliver a superior offering to its over 3,500 clients and their employees. Benefit Resources, Inc. serves clients of all sizes nationwide with a focus on mid-market employers. Benefit Resources, Inc. was founded in 1993 and is headquartered in Rochester, NY with a secondary office in New York City. |
Sell | - |
