Sale of Vermeg’s RegTech division (“Agile”) to Regnology
GER
NLD
Sycomore Corporate Finance acted as financial advisor to Vermeg and its founder
Sale of Vermeg’s RegTech division (“Agile”) to Regnology
Rationale
As part of this strategic roadmap, Vermeg, alongside Charterhouse, has driven the successful development of Agile via significant investment in products and technology, resulting in a scalable, best-in-class and future-proof modular SaaS platform that covers the entire regulatory reporting value chain (from data ingestion through to calculation and last-mile reporting).
This transaction reflects Vermeg’s forward-looking strategy, enabling the Agile division to join forces with Regnology, a leading RegTech platform looking to enhance its product offering and international presence, while crystalizing attractive value for the rest of the Group and channelling significant resources to accelerate growth within its core business offering (Collateral Management and Insurance). The Group will continue to execute its ambitious value creation plan together with the Charterhouse team.
Vermeg was founded in 2002 and provides bespoke software solutions to ca. 400 blue-chip clients in over 40 countries across the banking, insurance and wealth management industries; these include the likes of Santander, AXA, NN, BNP Baribas, and Deutsche Bank.
Vermeg provides software solutions that are mission-critical to its clients’ operations and has seen consistently growing demand for its solutions. The company’s high-quality platform provides customers with best-in-class tools and application programming interfaces to automate process digitalization, and is a driver of growth in the financial services sector through digital transformation.
The company employs over 1,400 people worldwide and is headquartered in Amsterdam, with offices in 16 countries.
Charterhouse is one of the longest-established private equity firms operating in Europe. The firm connects expertise and capital, partnering with ambitious founders and management teams to drive transformational change.
Charterhouse has a selective, conviction-led approach to investing in high-quality mid-market European companies predominantly across the Services, Healthcare and Education sectors. It targets transactions with an enterprise value of between €200m and €1bn.
Charterhouse’s international team works in an integrated and flexible manner, allowing the firm to combine the skills, knowledge and experience of its entire team to help build successful businesses over the long term.
Charterhouse is currently investing from its eleventh private equity fund. The firm has completed more than 150 acquisitions over 35 years of activity in the European buyout market.