– Founded in 1997, Rule Financial (“Rule”) is a specialist in the provision of business consultancy, IT consultancy and IT services to the global investment banking industry
– Rule’s clients include 9 of the top 10 global investment banks, and has over 800 employees focused on serving the needs of the financial services sector
– The business established nearshore facilities in Poland, Spain and Costa Rica, allowing Rule to offer clients cost-effective time-zone aligned support services
– GFT Technologies AG (“GFT”), a Frankfurt stock exchange-listed company that specialises in the design and implementation of IT solutions for the financial services industry
– GFT has more than 2,100 permanent employees across 32 offices in eight countries with customers based in over 30 different countries
– The Rule acquisition will strengthened GFT’s position as one of the leading IT service providers for the banking sector in Europe and North Amerca
– The acquisition of Rule will strengthen GFT’s position in the fast-growing capital markets sector, and lay the foundations for accelerated organic growth going forward
– The combined group can now provide an even more comprehensive portfolio of solutions for the banking sector, with further strong expansion of nearshore capacities to ensure responsive and cost-effective implementation of IT projects in the relevant client’s
time-zone
– Arma Partners supported the company in the exit process, including the performing of financial analysis, strategic positioning, valuation, preparation of marketing materials, interactions with strategic and private equity counterparties, and the leading of negotiations on the transaction terms
– Overall, Arma Partners assisted the management and owners of Rule Financial to realise their strategic objectives, drawing on Arma’s extensive experience in the Financial services and Fintech sectors