Advised IGEFI, a provider of investment management software, on its recapitalisation, including an equity investment by Summit Partners
Jun 2006
growth equity
investment by
  • Sector: Fintech, WealthTech & InsurTech
  • Deal Type: Private Equity Deals; Founder-led Businesses
  • Engagement type: Sellside
  • Size: <$200m

We are pleased to announce that Arma Partners has acted as exclusive financial advisor to IGEFI Group and to its principal shareholders in the partial recapitalisation of the company, announced on 9 June, 2006, which included an equity investment by Summit Partners. IGEFI is one of the world’s leading software providers in the investment funds industry with operations in Luxembourg, Bangalore, Boston, Frankfurt, Geneva and Paris. Its industry leading solution, Multifonds, is deployed in more than 20 countries and supports more than USD 1 trillion in fund assets.

– 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