Advised The Carlyle Group on the acquisition of ITRS Group, a global provider of real-time monitoring systems for the world’s financial institutions
Sep 2011
  • Sector: Fintech, WealthTech & InsurTech; Infrastructure Software & Cybersecurity
  • Deal Type: Private Equity Deals
  • Engagement type: Buyside
  • Size: <$200m

Arma Partners is pleased to announce that it acted as exclusive financial adviser to The Carlyle Group on its acquisition of ITRS Group, a global provider of real-time monitoring systems for the world’s financial institutions. Financial terms of the transaction were not disclosed.

Established in 1997 and headquartered in London, ITRS is a fast-growing, multi award-winning technology provider, primarily focused on supplying the financial services sector with trading infrastructure monitoring software. The company has over 600 installations worldwide and its clients include 8 of the top 10 global investment banks and several brokers, exchanges, hedge funds and data vendors. In the year ended March 2011, ITRS generated more than £16 million ($25 million) in revenues.

This transaction, Arma Partners’ twelfth deal in the past twelve months, highlights our continued strong focus on the financial technology sector. Our ongoing activity in the sector has given us very high levels of visibility on the key value drivers for financial technology companies and on the identity and objectives of the main buyers who will drive consolidation of the sector.

– ITRS Group is the leading, multi-award winning provider of risk mitigation solutions to global financial institutions

– ITRS delivers proactive, predictive real-time monitoring and management with specialist interfaces for over 100 key third-party trading and risk applications

– ITRS has over 600 Geneos installations, implemented in 60 leading financial institutions, including eight of the top ten global investment banks, and several brokers, exchanges, hedge funds and data vendors

– The Carlyle Group is a global alternative asset manager with $153 billion of assets under management across 86 funds and 49 fund of fund vehicles as of June 30, 2011

– Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions – focusing on aerospace & defence, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation

– As financial firms are increasingly challenged by the growing cost and complexity of running high-performance trading infrastructures, and facing the increased regulatory pressure to manage the operational risk of potential systems outages, ITRS is emerging as a truly best-of-breed solution provider for real-time application and infrastructure monitoring

– Carlyle will support ITRS’ international expansion and is committed to broadening of the Company’s specialised product offering

– This investment will facilitate ITRS’ diversification and continue to enable clients to be at the forefront of the market’s evolving demand for continuous real-time risk and performance monitoring of trading platforms

– Arma Partners served as exclusive financial advisor to Carlyle, demonstrating Arma Partner’s strong relationships with leading financial sponsors around the globe

– This transaction further demonstrates Arma Partners’ continued success on executing buy side as well as sell side M&A transactions

– Arma Partners, working with Carlyle, leveraged its sector knowledge and expertise to provide invaluable guidance to Carlyle, including valuation analysis, exit planning and identification of potential acquisition opportunities amongst other services