November 5, 2020
Nordic Capital will acquire BearingPoint’s Regulatory Technology business, RegTech, a provider of software solutions for regulatory reporting.
Founded over 25 years ago, RegTech is used by more than 6,000 reporting firms including banks, insurance companies, supervisory authorities and financial services providers. RegTech is headquartered in Frankfurt am Main, Germany, and has 17 offices across 10 countries with a total workforce of approximately 630 employees. The Company’s solutions enable financial institutions to increase the efficiency of their regulatory and tax reporting, risk and data management processes, facilitating for them to comply rapidly with ever-changing regulatory requirements.
Jürgen Lux, CEO of RegTech, said: “We are delighted to welcome Nordic Capital to RegTech. The new ownership will support our further development and will also benefit our customers. With Nordic Capital we have a strong new partner at our side with extensive experience in developing and growing leading businesses in the software industry. We have used the past two years to establish the autonomy of the RegTech business within the BearingPoint Group. Together with Nordic Capital, we have formed an ambitious growth agenda and will continue to invest in our proven, reliable, and forward-looking software solution suite to extend our footprint in our core markets. Our vision is to become one of the strongest international players in the RegTech space.”
Fredrik Näslund, Partner and Head of Technology & Payments, Nordic Capital Advisors, added: “RegTech’s unique portfolio of software and solutions is highly acclaimed in the industry and has already earned the trust of more than 6,000 reporting firms including banks, insurance companies, supervisory authorities and financial services providers. We are very impressed by the Company’s market position, its platform and its potential for further expansion. Our broad experience in supporting the growth and development of software and technology companies makes Nordic Capital an ideal partner to play a formative role in the next phase for RegTech together with the Company’s management team.”