M&A Deal Summary

Gresham Acquires Alveo

On July 17, 2024, Gresham acquired software company Alveo from STG

Acquisition Highlights
  • This is Gresham’s 3rd transaction in the Software sector.
  • This is Gresham’s 2nd transaction in the United States.
  • This is Gresham’s 2nd transaction in New York.

M&A Deal Summary

Date 2024-07-17
Target Alveo
Sector Software
Buyer(s) Gresham
Sellers(s) STG
Deal Type Merger

Target

Alveo

New York City, New York, United States
Alveo is a provider of data management software to global financial institutions. Alveo encompass the full spectrum of reference and market data to help financial institutions better manage risk, meet evolving compliance demands, increase productivity, bring new products to market faster and generate new revenue. Alveo was founded in 1991 and is based in New York City, New York.

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Buyer(S) 1

Buyer

Gresham

London, United Kingdom

Category Company
Founded 1969
Sector Software
Employees241
Revenue 49M GBP (2023)
DESCRIPTION

Gresham is a software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Gresham was founded in 1969 and is based in London, United Kingdom.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 3 of 3
Type: Merger M&A Deals 1 of 1
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Electra

New York, New York, United States

Electra provides post-trade operations workflow solutions and data services for reconciliation, trade matching, settlement, and fee billing to global institutional buy-side firms. Asset managers, hedge funds, fund administrators, and outsourced service providers use Electra solutions across their middle and back offices to reduce and manage risk start to finish, improve operational efficiencies, accelerate fee billing and revenues, and enhance counterparty and investor experiences. Firms can quickly scale to business demands and gain value from Electra’s innovative, patented technology across the post-trade process. Electra was formed in 1998 and is based in New York, New York.

Buy $39M

Seller(S) 1

SELLER

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 12.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.


DEAL STATS #
Overall 31 of 34
Sector: Software M&A 12 of 13
Type: Merger M&A Deals 6 of 6
State: New York M&A 3 of 3
Country: United States M&A 21 of 23
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Gresham

London, United Kingdom

Gresham is a software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Gresham was founded in 1969 and is based in London, United Kingdom.

Buy £146M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 TaxCalc

Wokingham, United Kingdom

TaxCalc is a provider of tax and accounting software, trusted by over 11,000 accountants. TaxCalc focus on providing innovative and easy-to-use software at a great value, TaxCalc focuses on expanding its offering to meet the evolving needs of accountants. TaxCalc was founded in 2004 and is based in Wokingham, United Kingdom.

Buy -