Fintech company based in Belgium expands its portfolio by purchasing Fitz Partners
Belgian regulatory technology firm RiskConcile has announced its acquisition of Fitz Partners, a London-based fund fee data specialist. This strategic move is part of RiskConcile's European buy-and-build strategy, aiming to enhance its fund data capabilities and expand its presence in the UK market.
Fitz Partners, founded by Hugues Gillibert, specialises in providing high-quality fund data to asset managers, fund managers, and service providers. The acquisition aligns with Main Capital Partners' strategy to build market-leading software groups, as they are the investors behind RiskConcile.
Jorn de Ruijter, investment director at Main Capital Partners and chairman of the board of directors at RiskConcile, sees this acquisition as a major step towards building a pan-European leader in regulatory technology for the fund industry. He expressed his delight about the acquisition, stating that it will enable RiskConcile to respond faster to evolving investor and regulatory demands.
Hugues Gillibert, the founder and CEO of Fitz Partners, is pleased to have found a partner in RiskConcile for expansion. He believes that the synergies between the two companies are immense. Fitz Partners plans to extend its fee data and board reporting to the French fund market later this year, further strengthening RiskConcile's position in Europe.
Jan De Spiegeleer, co-founder & CEO of RiskConcile, has expressed delight about welcoming the Fitz Partners team. He believes that this collaboration will create a stronger and more comprehensive organization, able to deliver greater value to asset managers and fund management companies.
The acquisition reinforces Main Capital Partners' ability to source and execute cross-border transactions in strategic markets such as the UK. Main Capital Partners sees significant opportunities for continued growth in the UK market.
RiskConcile, based in Belgium, develops cloud-based regulatory reporting and risk calculation software. Their software supports asset managers, fund managers, and service providers in meeting regulatory requirements and managing client risk. With the addition of Fitz Partners, RiskConcile aims to provide even greater support and market intelligence solutions to its UK and cross-border clients.
High-quality fund data has been stated as a critical foundation for both compliance and competitive advantage. The acquisition of Fitz Partners is intended to enhance RiskConcile's fund data capabilities, positioning the company for future growth and success in the European fund market.
This marks RiskConcile's first international buy-and-build move since partnering with Main Capital Partners in June 2024. Fitz Partners, under RiskConcile, aims to provide even greater support and market intelligence solutions to its UK and cross-border clients. The acquisition enables RiskConcile to respond faster to evolving investor and regulatory demands, ultimately providing a more comprehensive and valuable service to its clients.
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