M&A Deal Summary

Refinitiv Acquires Giact Systems

On November 2, 2020, Refinitiv acquired business services company Giact Systems from Tritium Partners

Acquisition Highlights
  • This is Refinitiv’s 1st transaction in the Business Services sector.
  • This is Refinitiv’s 6th transaction in the United States.
  • This is Refinitiv’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-11-02
Target Giact Systems
Sector Business Services
Buyer(s) Refinitiv
Sellers(s) Tritium Partners
Deal Type Add-on Acquisition

Target

Giact Systems

Allen, Texas, United States
Giact Systems LLC provides verification, authentication, and funds confirmation information in order to help businesses across all industries assess and manage risk in electronic payments. The company's OFAC screening, ID verification, account verification and authentication, and mobile verification solutions enable clients to focus on providing unmatched customer experiences. Giact Systems was founded in 2004 and is based in Allen, Texas.

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Buyer(S) 1

Buyer

Refinitiv

New York, New York, United States

Category Company
Founded 2017
Sector Information Services
Employees11,000
Revenue 6.0B USD (2017)
DESCRIPTION

Refinitiv is a large provider of financial markets data and infrastructure, serving over 40,000 institutions in over 150 countries. It provides data and insights, trading platforms, market data infrastructure and open technology platforms that support and connect the global financial markets community. Refinitiv was formerly known as Thomson Reuters Financial & Risk and is based in New York.


DEAL STATS #
Overall 7 of 7
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Texas M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2020 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 The Red Flag Group

Tempe, Arizona, United States

The Red Flag Group is a provider of workflow, data, due diligence, and ratings solutions that help corporate compliance customers to evaluate money laundering, bribery and corruption, reputational and ESG risk. The Red Flag Group was established in 2006 and is based in Tempe, Arizona.

Buy -

Seller(S) 1

SELLER

Tritium Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tritium Partners is a private equity firm focused on acquiring profitable, growth-oriented lower middle-market companies. The Firm seeks companies with $2 to $15 million of EBITDA in the internet/information services, supply chain logistics, business services, and financial services sectors. Tritium Partners was formed in 2013 and is based in Austin, Texas.


DEAL STATS #
Overall 8 of 12
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 8
State: Texas M&A 4 of 6
Country: United States M&A 8 of 12
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Katabat

Wilmington, Delaware, United States

Katabat is a provider of debt management software solutions for lenders, fintech, and collection agencies. The software synchronizes customer offers, implements customer workflows, and builds integrated content and treatments across all customer channels. Katabat was founded in 2006 and is based in Wilmington, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Jane.com

Lehi, Utah, United States

Jane is a boutique marketplace featuring the latest in women’s fashion trends, accessories, home decor, children’s clothing, and more. With an industry-leading e-commerce platform, Jane empowers small businesses around the country – both online sellers and brick and mortar shops – and helps customers stay on-trend, all at amazing prices. Jane.com was founded in 2011 and is based in Lehi, Utah.

Buy -