Mon, Dec 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Aquiline Capital Partners takes majority stake in BI-SAM

Tuesday, July 10, 2012
Opalesque Industry Update: – Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in financial services, today announced that it has become the majority shareholder of BI-SAM Technologies (“BI-SAM”), the leading provider of data management, performance, ® attribution, risk, GIPS and reporting solutions for the asset management industry. BI-SAM was founded in 2000 by Alexandre Harkous, Christophe Volard and Xavier Chaude, experts in ® asset management and analytics technology. Over the next 12 years, the team built BI-SAM’s B-One platform into the market leader, serving Tier I asset managers across Europe, North America and Asia.

As the majority owner, Aquiline will provide financial and operational support, including North American presence and expertise, to aid BI-SAM in its plan for growth and expansion. BI-SAM intends to increase its market share across all tiers of the global asset management industry.

BI-SAM will continue its strategy of global expansion and bolster its client services and implementation partnerships. BI-SAM plans to increase materially the size of its workforce over the next three years, most notably in North America and the Asia-Pacific region, to further its growth and operations in those geographies.

“BI-SAM’s success is a reflection of the quality of our team and our B-One platform. This platform has enabled asset managers all over the world to adapt to evolving regulation, reduce risk and operational costs, measure and analyze portfolio performance, and enhance their client communication,” said Alexandre Harkous, CEO of BI-SAM. “With Aquiline’s support, we now have the proper resources to drive our strategic plan forward and to grow both organically and through acquisition while delivering the best solutions and services to our customers.”

“We chose to invest in BI-SAM in partnership with the management team because of its strong competitive position, high growth potential, and its clear vision for the future,” said Jeff Greenberg, Chief Executive of Aquiline. “BI-SAM’s unique, full-service offering allows asset managers to improve their operations and better service investors by increasing their efficiency and transparency, and we look forward to supporting the continued growth and expansion of the business.”

Terms of the transaction were not disclosed.

Aquiline

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  3. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  4. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans