Private Equity Firms to Acquire Irish Regtech Fenergo in US$600 Million Deal

Private Equity Firms to Acquire Irish Regtech Fenergo in US$600 Million Deal

by May 21, 2021
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Irish regtech Fenergo announced that it has been acquired by private equity firms, the Paris-based Astorg and London-based Bridgepoint, from Insight Partners.

While financial terms of the transaction were not disclosed publicly, the Irish Times cited industry sources to claim that the deal was valued at $600 million. This pushes Fenergo’s market valuation to $1.165 billion, making it one of Ireland’s new unicorns.

The acquisition follows a period of strong expansion for Fenergo and will drive investment in the firm’s SaaS strategy, product line development and support an expanding team through the next phase of growth.


Established in 2009, Fenergo’s SaaS platform provides solutions to the world’s largest and most complex financial institutions, helping to fight financial crime and to enhance customer journeys while being compliant every step of the way.

Fenergo currently helps top financial institutions including ICBC Standard Bank, Santander, Mizuho, ABN AMRO and BNP Paribas to digitally transform their end-to-end client lifecycle processes.

In the financial year ending March 2021, Fenergo’s revenue increased by 17% to USD$107 million.

Marc Murphy, Founder and CEO, Fenergo

Marc Murphy

“We are delighted that Astorg and Bridgepoint have chosen to invest in our company, providing us with the financial strength required to pursue our ambitious high-growth strategy.

 

Both Astorg and Bridgepoint have enormous experience and credibility in our sector, something I am keen to leverage over the coming years. Ultimately, we only exist to serve the needs of our customers. We are looking forward to partnering with them in the next phase of our development.”

said Marc Murphy, Founder and CEO, Fenergo.

Benoît Ficheur, Partner in charge of growth investments at Astorg

Benoît Ficheur

“We have tracked Fenergo for many years and have been impressed with its strong market position, innovative technology and consistent strong positive feedback from a customer base of large financial institutions.

 

We are thrilled to partner with Bridgepoint to help shape the future of this unique company. Marc Murphy and his team have proven their strength year after year in this very demanding industry. This investment confirms our commitment to backing fast-growing and innovative software leaders.”

said Benoît Ficheur, Partner in charge of growth investments at Astorg.

 

Featured image credit: Edited from Unsplash

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