M&A Deal Summary

Orion Acquires FTJ FundChoice

On April 11, 2018, Orion acquired financial services company FTJ FundChoice from Apogem Capital

Acquisition Highlights
  • This is Orion’s 1st transaction in the Financial Services sector.
  • This is Orion’s 1st transaction in the United States.
  • This is Orion’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2018-04-11
Target FTJ FundChoice
Sector Financial Services
Buyer(s) Orion
Sellers(s) Apogem Capital
Deal Type Add-on Acquisition

Target

FTJ FundChoice

Hebron, Kentucky, United States
FTJ FundChoice is an SEC Registered Investment Advisor, provides advisors access to independent asset allocation strategies and model trading functionality. FTJ FundChoice assists advisors in simplifying their business by absorbing back office tasks, such as trade reconciliation, account administration, fee billing, and performance reporting, allowing the advisor to spend more time on client relationship-building activities.

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Buyer(S) 1

Buyer

Orion

Omaha, Nebraska, United States
Category Company
Founded 1999
Sector Financial Services
DESCRIPTION

Orion is a provider of the tech-enabled fiduciary process that transforms the advisor-client relationship by enabling financial advisors to Prospect, Plan, Invest, and Achieve within a single, connected, technology-driven experience. Orion was founded in 1999 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Kentucky) 1 of 1
Country (United States) 1 of 4
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-22 BasisCode

Atlanta, Georgia, United States

BasisCode is a provider of regulatory compliance and risk management technology. BasisCode provides trusted compliance management in a secure cloud environment with capabilities ranging from compliance testing and risk assessment to trading surveillance, insider trading, staff certifications and audit-ready reporting. BasisCode was founded in 2011 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Apogem Capital

Chicago, Illinois, United States
Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.

DEAL STATS #
Overall 30 of 52
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 12 of 21
State (Kentucky) 1 of 2
Country (United States) 30 of 52
Year (2018) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-22 Freestyle Solutions

Totowa, New Jersey, United States

Freestyle Solutions, Inc. is a software developer and marketer of solutions for direct selling, e-commerce and multi-channel businesses. Its solutions are designed specifically for small to medium-sized merchants, distributors, manufacturers and third-party fulfillment operations, and range from complete front-end solutions such as hosted e-commerce web sites to complete back-end order management solutions. Freestyle Solutions was founded in 1983 and is based in Totowa, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Global Software

Raleigh, North Carolina, United States

Global Software, Inc. is a provider of Microsoft Excel-based automation and reporting software solutions, including its flagship product Spreadsheet Server. Spreadsheet Server enables users to access operational and financial data across multiple platforms from within an Excel spreadsheet in order to produce dynamic reports with powerful drill-down capabilities. The Company’s core software offerings integrate with more than 60 leading enterprise resource planning platforms and automate data analytic processes for business and financial professionals. Global Software supports more than 2,500 customers and 50,000 users across more than 50 countries in enterprises ranging from small businesses to Fortune 500 firms.

Sell -
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