M&A Deal Summary

FIS Global Acquires Deep Pool Financial Solutions

On December 1, 2023, FIS Global acquired financial services company Deep Pool Financial Solutions from Lovell Minnick Partners

Acquisition Highlights
  • This is FIS Global’s 4th transaction in the Financial Services sector.
  • This is FIS Global’s 1st transaction in Ireland.

M&A Deal Summary

Date 2023-12-01
Target Deep Pool Financial Solutions
Sector Financial Services
Buyer(s) FIS Global
Sellers(s) Lovell Minnick Partners
Deal Type Add-on Acquisition

Target

Deep Pool Financial Solutions

Dublin, Ireland
Deep Pool Financial Solutions offers investor servicing software solutions for alternative and traditional asset classes, streamlining transfer agency and investor recordkeeping, investor onboarding, AML and KYC screening, fee calculations, waterfall calculations, reporting and document management. Deep Pool Financial Solutions is based in Dublin, Ireland.

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Buyer(S) 1

Buyer

FIS Global

Jacksonville, Florida, United States

Category Company
Founded 1968
Sector Financial Services
Employees50,000
Revenue 10.1B USD (2024)
DESCRIPTION
FIS' corporate headquarters in Jacksonville, Florida.
FIS' corporate headquarters in Jacksonville, Florida.

FIS Global is a provider of core processing for financial institutions, card issuers, and transaction processing services, and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 21 of 25
Sector: Financial Services M&A 4 of 5
Type: Add-on Acquisition M&A Deals 18 of 20
Country: Ireland M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Worldpay

Cincinnati, Ohio, United States

Worldpay is a provider of payment acceptance services that offers a broad suite of payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omnichannel environments that span point-of-sale, e-commerce, and mobile devices. Worldpay was established in 2009 and is based in Cincinnati, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 First Nationwide Title

New York, New York, United States

First Nationwide Title is a provider of title insurance and related services for the commercial/residential real estate industry on both a national and international scale. First Nationwide Title is based in New York City.

Buy -

Seller(S) 1

SELLER

Lovell Minnick Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.


DEAL STATS #
Overall 30 of 31
Sector: Financial Services M&A 25 of 26
Type: Add-on Acquisition M&A Deals 10 of 10
Country: Ireland M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 ACU-Serve

Akron, Ohio, United States

ACU-Serve delivers billing solutions to HME (Home Medical Equipment) providers, giving them the freedom to grow their business while collecting more, faster. ACU-Serve has helped HME businesses cut through the complexity of an ever-transitioning billing process while becoming a trusted partner for continued growth. Clients routinely show faster collections, higher revenue and dramatically reduced management and staffing problems. ACU-Serve was founded in 1993 and is based in Akron, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Trea

Madrid, Spain

Trea manages traditional mutual funds across equities, fixed income, balanced, and fund of funds primarily sold through exclusive distribution partnerships with its bank partners and directly through its own branded funds. Trea is based in Madrid, Spain.

Sell -