Advised FundAssist, a leading regulatory reporting and marketing solutions provider to fund managers, on its sale to Broadridge
May 2018
acquired by
  • Sector: Fintech, WealthTech & InsurTech
  • Deal Type: Founder-led Businesses; 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 FundAssist on its sale to Broadridge Financial Solutions, Inc. (NYSE:BR).

FundAssist Limited is a leading provider of regulatory, marketing and sales solutions to the global investments industry. Based in Dublin, Ireland, FundAssist will complement Broadridge’s governance and communications business by bringing a complete suite of capabilities in data management, analytics and digitised regulatory disclosures for global fund managers distributing in Europe.

This transaction, the second announced disposal of an asset management software provider by Arma Partners this week, highlights our continued track record in leading successful FinTech exits to US strategic buyers.

  • FundAssist is a leading provider of regulatory, marketing and sales solutions to the global investments industry
  • Headquartered in Dublin, FundAssist serves a blue-chip customer base across Europe utilising the same technology platform for all products and services
  • Broadridge is a provider of investor communications and technology-driven solutions for the financial services industry worldwide
  • Distributes  proxy materials to investors in equity securities and mutual funds, as well as facilities related to vote processing services
  • The company has 10,000+ employees, was founded in 1962 and is based in Lake Success, New York
  • FundAssist will complement Broadridge’s governance and communications business by bringing a complete suite of capabilities in data management, analytics and digitised regulatory disclosures for global fund managers distributing in Europe
  • FundAssist has unique competitive positioning across the buy side value chain, benefiting from growth as a result of MIFID II, with a track record of increasing wallet share of existing customers
  • Arma worked closely with management to ensure a robust business model was in place, including highlighting strength of operational KPIs
  • Arma developed a credible equity story alongside management, with messaging specifically tailored for the focused group of strategic parties included in the process
  • Arma helped FundAssist navigate discussions with strategics and worked closely with management in negotiating directly with Broadridge