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/PRNewswire/ Motive Partners ("Motive"), a private equity firm focused on technology-enabled financial and business services companies, announces the return. ....
The IT major signed an agreement to acquire Capco, a global management and technology consultancy to banking and financial services industry, for $1.45 billion. London-headquartered Capco is a global management and technology consultancy providing digital, consulting and technology servicesto financial institutions in the Americas, Europe and the Asia Pacific. Its clients include many marquee names in the global financial services industry. Over the past 20 years, the company has worked closely with business leaders, including Boards and C-Suites in the banking, capital markets, wealth, asset management and insurance sectors and is widely acknowledged for its deep domain and consulting expertise, risk and regulatory offerings and thought leadership around key industry technology challenges and opportunities. In addition, Capco services clients in the energy and commodities trading sector. ....
Motive Partners and Clearlake Invest in InvestCloud Motive Partners, a specialist private equity firm focused on growth and buyout investments in enterprise financial services software companies, and Clearlake Capital Group LP, a sector-focused investor that partners with management teams by providing patient, long-term capital to businesses, have acquired 80% of InvestCloud, a modular digital wealth and investment management software solutions platform. Motive Partners and Clearlake have simultaneously combined InvestCloud with existing Motive Partners portfolio companies Finantix and Tegra118 to work towards creating the next generation of Software-as-a-Service (“SaaS”) global wealth solutions platform. The co-investment for the transaction comes from Accenture, Rob Heyvaert, founder & managing partner, Motive Partners, will become Chairman, with ....
Business will have $4trn in assets California-based global fintech firm Investcloud has recapitalised the business at $1bn (£730m, €824m) following investment from Motive Partners and Clearlake Capital Group. Under the agreement, Investcloud will merge with Motive’s two portfolio businesses, Finantix and Tegra118, to create a global software-as-a-service (Saas) wealth solutions platform. Following the merger, the global fintech business will reach $4trn in assets. ‘Fuel’ growth John Wise, Investcloud’s co-founder and chief executive, said: “The recapitalisation achieves our first objective. At a valuation of $1bn, we can reward early investors in the business, while injecting new capital to fuel the next stage of our growth, further supporting our clients’ needs. ....
Los Angeles based Fintech InvestCloud Completes Recapitalization, Wealth Platform Now Valued at $1B California-headquartered Fintech firm According to a release, new financial investors are led by Motive Partners with Clearlake Capital Group, L.P. and also includes other InvestCloud client shareholders. Under the terms of the deal, Motive Partners will be contributing two portfolio businesses, Finantix and John Wise, InvestCloud’s Co-founder and CEO, stated: “The recapitalization achieves our first objective. At a valuation of $1 billion, we can reward early investors in the business, while injecting new capital to fuel the next stage of our growth, further supporting our clients’ needs. Crucial to our ultimate objective – which is to build the world’s largest financial supermarket – is the partnership with Rob and the Motive team, Clearlake and the Tegra118 and Finantix businesses.” ....