Fintech company based in Belgium purchases Fitz Partners
RiskConcile, a Belgian fintech company specialising in cloud-based regulatory reporting and risk calculation software, has made its first international buy-and-build move since partnering with Main Capital Partners in June 2024. The acquisition of London-based fund fee data specialist Fitz Partners aims to drive RiskConcile's European buy-and-build strategy.
Fitz Partners, a UK-based company led by Hugues Gillibert, is a recognised leader in fund fee and expense data for the European asset management sector. The acquisition strengthens RiskConcile's organization, creating a stronger and more comprehensive entity.
According to Jan De Spiegeleer, co-founder & CEO of RiskConcile, the acquisition of Fitz Partners is a significant step towards building a pan-European leader in regulatory technology for the fund industry. Jorn de Ruijter, investment director at Main Capital Partners and chairman of the board of directors at RiskConcile, shares this sentiment, considering the acquisition a major step towards this goal.
The synergies between RiskConcile and Fitz Partners are immense, as both companies share a commitment to providing high-quality solutions that cater to the evolving demands of investors and regulators. High-quality fund data is a critical foundation for both compliance and competitive advantage, according to RiskConcile.
Fitz Partners' proprietary fund fee database and reporting expertise are a strong addition to RiskConcile's platform. With this acquisition, RiskConcile's software will now support asset managers, fund managers, and service providers in the UK and European markets.
Hugues Gillibert, founder & CEO of Fitz Partners, is pleased with the partnership and expects continued growth and success. Fitz Partners plans to extend its fee data and board reporting to the French fund market later this year.
The acquisition aligns with Main Capital Partners' strategy to build market-leading software groups. The acquisition reinforces Main Capital Partners' ability to source and execute cross-border transactions in strategic markets such as the UK.
The acquisition enables deeper insights and faster responses to evolving investor and regulatory demands. With the combined expertise of RiskConcile and Fitz Partners, the company aims to provide even greater support and market intelligence solutions to its clients.
Hugues Gillibert, who led Fitz Partners through its acquisition by RiskConcile, aims to continue the company's expansion while maintaining a culture of excellence and quality recognized in the industry. The acquisition is a testament to RiskConcile's commitment to delivering cutting-edge solutions to the fund industry.
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