Industry M&A

Posted on November 6, 2020 by Editor

Interesting news out of Germany yesterday with the announcement of the acquisition of BearingPoint’s successful RegTech business by Nordic Capital.

A significant private equity player, Nordic Capital has purchased the RegTech business, a division of BearingPoint with turnover of approximately €100M pa and 630 employees, “subject to customary regulatory approvals”. The RegTech spin out includes BearingPoint’s XBRL business lines, which support banks, insurance companies and supervisory authorities.

More here.

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