Advised IGEFI, a provider of investment management software, on its recapitalisation, including an equity investment by Summit Partners 
– Founded in 1995, IGEFI is one of the world’s leading software providers in the investment funds industry
– Built on the latest technology, IGEFI’s industry-leading products, MultiFonds Fund Accounting and Transfer Agent, boast unparalleled functionality and scalability
– Headquartered in Luxembourg, the company today supports a blue-chip client base from its 20 global offices and employs more than 140 professionals worldwide
– Summit Partners is a private equity and venture capital firm with offices in Boston, Palo Alto, and London
– Formed in 1984, the firm has raised nearly $9 billion in capital in its private equity, venture capital, and subordinated debt funds
– Summit has provided financing to more than 280 companies, which have completed more than 100 public offerings, and in excess of 100 strategic mergers or sales
– The transaction is part of Summit Partners’ strategy to invest in growing, profitable software companies with a strong market position
– The investment completes a partial recapitalisation that will position the company for the next stage in its growth, further improve its service to customers, and help execute its global expansion strategy
– Arma Partners was engaged by the shareholders of IGEFI to evaluate the company’s strategic options
– Arma Partners worked closely with the shareholders to define a list of investment criteria and agree on the optimal transaction structure to maximise value using both debt and equity financings
– A highly focused approach, emphasising both the tangible and non-tangible aspects of the transaction, was put in place enabling shareholders to evaluate their alternatives
– All of the key points of the transaction were negotiated up-front in a detailed term sheet following a series of meetings with management