M&A Deal Summary

Stellex Capital Management Acquires Communify Fincentric

On August 15, 2024, private equity firm Stellex Capital Management acquired information technology company Communify Fincentric from IHS Markit

Acquisition Highlights
  • This is Stellex Capital Management’s 2nd transaction in the Information Technology sector.
  • This is Stellex Capital Management’s 27th transaction in the United States.
  • This is Stellex Capital Management’s 5th transaction in California.

M&A Deal Summary

Date 2024-08-15
Target Communify Fincentric
Sector Information Technology
Buyer(s) Stellex Capital Management
Sellers(s) IHS Markit
Deal Type Divestiture

Target

Communify Fincentric

Santa Monica, California, United States
Communify Fincentric is a tech-enabled services company that unifies market and client data communication. Communify Fincentric specializes in delivering customized digital experiences, data visualization tools, and analytics to enhance customer experiences and inform decision-making. Communify Fincentric is based in Santa Monica, California.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $75 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York, New York.


DEAL STATS #
Overall 33 of 39
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 8 of 10
State: California M&A 5 of 5
Country: United States M&A 27 of 29
Year: 2024 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 McConway & Torley

Pittsburgh, Pennsylvania, United States

McConway & Torley manufactures cast, forged, and machined products for rail and industrial customers across its three facilities. McConway & Torley was formed in 1869 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-20 Fox Group

Lancashire, United Kingdom

Fox Group providing services to the construction and infrastructure industry across the UK, including muck-away, haulage of aggregates, production of recycled aggregates, waste recycling, quarry operations, and ready-mix concrete production. Fox Group was founded in 1932 and is based in Lancashire, United Kingdom.

Buy -

Seller(S) 1

SELLER

IHS Markit

London, United Kingdom

Category Company
Founded 1959
Sector Information Services
Revenue 4.4B USD (2019)
DESCRIPTION
Entrance to IHS Markit's campus in Englewood, Colorado.
Entrance to IHS Markit's campus in Englewood, Colorado.

IHS Markit Ltd. is a financial information services company. IHS Markit provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. IHS Markit was founded in 1959 and is based in London, England.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 IHS Markit - Base Chemicals Business

London, United Kingdom

Base Chemicals is known for its pricing data, insights, analysis, and forecasting capabilities for the world’s most important base chemicals delivered through its leading Market Advisory and World Analysis services. Base Chemicals Business include Oil Price Information Services (OPIS), Coal, Metals, and Mining (CMM), and PetroChem Wire (PCW) businesses.

Sell $295M