Advised Multifonds, a leading global provider of fund administration software, on its sale to Temenos Group AG (SIX: TEMN)
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to IGEFI Group s.r.l. (“Multifonds” or the “Company”), a Summit Partners portfolio company, on its sale to Temenos Group AG (SIX: TEMN), the market leading provider of mission-critical software to financial institutions, for a cash consideration of €235 million.
Founded in 1995 and headquartered in Luxembourg, Multifonds provides software to financial services institutions globally, predominantly in the third-party fund administration market. The Company’s fully integrated platform allows fund administrators to perform key accounting functions such as intra-day valuations and end-of-day net asset value calculations as well as to support fund administrators in key investor servicing and transfer agency functions such as investor dealing and shareholder record keeping.
Arma Partners had forged a close relationship with Multifonds over several years, also advising the Company on its recapitalisation, including an equity investment by Summit Partners, in 2006. This transaction demonstrates Arma Partners’ strength in Technology M&A and its outstanding track record as a trusted advisor in the Financial Technology sector.