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M&A Deal Summary

Northern Trust Acquires Essentia Analytics

On September 27, 2021, Northern Trust acquired information technology company Essentia Analytics from Calculus Capital and Northern Trust

Acquisition Highlights
  • This is Northern Trust’s 2nd transaction in the Information Technology sector.
  • This is Northern Trust’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2021-09-27
Target Essentia Analytics
Sector Information Technology
Buyer(s) Northern Trust
Sellers(s) Calculus Capital
Northern Trust
Deal Type Add-on Acquisition

Target

Essentia Analytics

London, United Kingdom
Essentia Analytics is a provider of behavioral analytics and consulting services that utilize a cutting-edge cloud-based platform to bring together historical data and behavioral science to identify and address biases in thinking that impact investment performance. Essentia Analytics is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Northern Trust

Chicago, Illinois, United States
Category Company
Founded 1889
Sector Financial Services
Employees23,300
Revenue 8.3B USD (2024)
DESCRIPTION
Northern Trust's corporate headquarters in downtown Chicago, Illinois.
Northern Trust's corporate headquarters in downtown Chicago, Illinois.

Northern Trust is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals. The Corporation conducts business through various U.S. and non-U.S. subsidiaries, including The Northern Trust Company (Bank). Northern Trust was formed in 1889 and is based in Chicago, Illinois.

DEAL STATS #
Overall 8 of 8
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
Country: United Kingdom M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Parilux

Edison, New Jersey, United States

Parilux offers unique software and outsourced middle office administration solutions for multi-manager investors such as Endowments, Foundations, Pension Funds, and Fund of Funds. The company tracks all aspects of a portfolio (private equity, hedge funds, separate accounts, stocks, bonds, derivatives, or other commingled vehicles) and provides the investment team with real-time updates to transactions, valuations, NAVs, and related performance and attribution metrics. Parilux was formed in 2010 and is based in Edison, New Jersey.

Buy -

Seller(S) 2

SELLER

Calculus Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Calculus Capital is a UK-based investment group focused on fast-growth companies. Calculus Capital is sector agnostic and looks to commit £2 to £5 million per investment. Calculus Capital is based in London.

DEAL STATS #
Overall 12 of 16
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 12
Country: United Kingdom M&A 12 of 15
Year: 2021 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Mologic

Bedfordshire, United Kingdom

Mologic is a developer of lateral flow and rapid diagnostic technologies, products, and services. Mologic works with companies, researchers, and clinicians to help them deliver fast, reliable, and accurate diagnoses at the point of care. Mologic was founded in 2003 and is based in Bedfordshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 CloudTrade

London, United Kingdom

CloudTrade is a software company, that develops cloud-based electronic invoice processing technology. CloudTrade enables companies to automatically process electronic documents such as invoices and sales orders received by email. CloudTrade was founded in 2010 and is based in London, United Kingdom.

Sell -
SELLER

Northern Trust

Chicago, Illinois, United States
Category Company
Founded 1889
Sector Financial Services
Employees23,300
Revenue 8.3B USD (2024)
DESCRIPTION
Northern Trust's corporate headquarters in downtown Chicago, Illinois.
Northern Trust's corporate headquarters in downtown Chicago, Illinois.

Northern Trust is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals. The Corporation conducts business through various U.S. and non-U.S. subsidiaries, including The Northern Trust Company (Bank). Northern Trust was formed in 1889 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Parilux

Edison, New Jersey, United States

Parilux offers unique software and outsourced middle office administration solutions for multi-manager investors such as Endowments, Foundations, Pension Funds, and Fund of Funds. The company tracks all aspects of a portfolio (private equity, hedge funds, separate accounts, stocks, bonds, derivatives, or other commingled vehicles) and provides the investment team with real-time updates to transactions, valuations, NAVs, and related performance and attribution metrics. Parilux was formed in 2010 and is based in Edison, New Jersey.

Buy -
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