Advised AIM Software, a leading provider of data aggregation, mastering and reporting solutions to the capital markets industry, on its sale to SimCorp
Jun 2019
(a portfolio company of WCAS)
acquired by
  • Sector: Fintech, WealthTech & InsurTech; Data & Information
  • Deal Type: Strategic Deals; Founder-led Businesses
  • Engagement type: Sellside
  • Size: <$200m
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to AIM Software on its acquisition by SimCorp (Nasdaq Copenhagen: SIM), a global provider of investment management solutions to financial institutions.

AIM Software is a leading provider of data aggregation, mastering and reporting solutions to global asset management, asset servicing and wealth management institutions. AIM operates in key financial markets with offices in Vienna, New York and London and was majority owned by Welsh, Carson, Anderson & Stowe.

The transaction highlights Arma Partners’ deep sector expertise in capital markets software, track record in identifying the right strategic buyers and our ability to unlock significant value for private equity backed clients.

-AIM Software is a leading provider of data aggregation, mastering and reporting solutions to global asset management, asset servicing and wealth management institutions

-Under the ownership of WCAS, the business developed a unified product portfolio and initiated new products in Data as a Service that allowed it to consistently upsell and land and expand new customers while transitioning away from a customised license model towards packaged SaaS solutions

-AIM operates in key financial markets, with offices in Vienna, London and New York

-SimCorp provides integrated, best-in-class investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, banks and sovereign wealth funds

-The acquisition is in line with all SimCorp’s strategic goals to create a leading front-to-back offering in alternative investments and grow in North America

-SimCorp is listed on the NASDAQ Copenhagen under the ticker symbol: SIM

-The deal will strengthen SimCorp’s strategic and competitive position within data management. Data management is increasingly important to buy side firms and central to any investment manager’s operations decisions. Also, it is often a key consideration in system selection processes

-AIM Software’s market-leading solutions will complement SimCorp’s value proposition by adding both adding new capabilities and underpinning existing products to create the leading front-to-back financial data management offering for investment managers in the market

-Arma focused on (1) carefully developing the equity story to strategically position the company for a focused process with both financial and strategic buyers; (2) preparing a detailed financial model; (3) creating marketing materials, including teaser, management presentation and tailored materials for meetings with potential buyers; and (4) competitively running a focused process to ensure terms were optimised and tight timeline was met

-Arma delivered a successful exit for WCAS and AIM Software by leveraging our transatlantic presence, our senior level access and deep sector knowledge