Advised Vermilion Software, a leading client reporting software provider to the asset management industry, on its sale to FactSet Research Systems Inc
Dec 2016
acquired by
  • Sector: Fintech, WealthTech & InsurTech; Data & Information
  • Deal Type: Strategic Deals
  • Engagement type: Sellside
  • Size: <$200m
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Vermilion Holdings Limited, on its sale to FactSet Research Systems Inc. (NYSE:FDS | Nasdaq: FDS), a leading technology company and provider of integrated financial information and analytical applications.

Headquartered in the UK, Vermilion is the market leader in client reporting software to the asset management industry. The company offers an award-winning, comprehensive end-to-end client reporting solution that conducts mission critical activities for asset managers. Employing over 70 people across three continents, Vermilion serves over 50 of the leading asset managers globally.

This transaction demonstrates Arma Partners’ continuing leadership in the capital markets technology sector and unparalleled ability to deliver transatlantic strategic exits for European headquartered businesses.

– Headquartered in the UK, Vermilion is the market leader in client reporting software to the asset management industry

– The company offers an award-winning, comprehensive end-to-end client reporting solution that conducts mission critical activities for asset managers

– Employing over 70 people across three continents, Vermilion serves over 50 of the leading asset managers globally

– Founded in 1996, FactSet Research Systems Inc. (“FactSet”) provides integrated financial information and big data analytical applications for the global investment community

– The Company is dual listed on the New York Stock Exchange (“NYSE”) and the NASDAQ Stock Market (“NASDAQ”) under the symbol “FDS

– Strong clientele of over 65,000 users include portfolio managers, wealth managers, research and performance analysts, risk managers, sell-side equity research professionals, investment bankers, and fixed income professionals

– FactSet agreed to acquire the full outstanding share capital of the company

– Vermilion’s technology offers a unique value proposition that allows for deep platform integration and significant cross-sell to FactSet’s large and global client base of buyside institutions

– Through this acquisition, FactSet further enhances its client reporting capabilities and ability to deliver best-of-breed data and data analytics software

– Arma Partners was retained as the exclusive financial advisor following an RFP process with Vermilion’s management

– Arma actively supported the management for strategically positioning Vermilion’s growth story and financial plan and helping drive the process to successful completion

– Arma was instrumental in the selection of key global strategic operators

– The transaction illustrates Arma Partners’ excellence in achieving value-maximization, best-in-class transaction execution and its dominance in cross-border capital markets technology M&A