BearingPoint RegTech to be acquired by Nordic Capital

By Megha Bhattacharya

Nordic Capital today announced an agreement with BearingPoint in a bid to acquire BearingPoint RegTech, a provider of software solutions across the regulatory value chain. Nordic Capital stated that it aims to support RegTech’s next phase of innovation and sustainable growth, by investing in the Company’s continued product development, enhancing its organizational capacity and expanding its international footprint.

“We are delighted to welcome Nordic Capital to RegTech. The new ownership will support our further development and will also benefit our customers. With Nordic Capital we have a strong new partner at our side with extensive experience in developing and growing leading businesses in the software industry.”

“Together with Nordic Capital, we have formed an ambitious growth agenda and will continue to invest in our proven, reliable, and forward-looking software solution suite to extend our footprint in our core markets. Our vision is to become one of the strongest international players in the RegTech space,” said Jürgen Lux, CEO of RegTech.

RegTech stated that with the acquisition, it will be able to create value for customers through investments in continued product development and enhancement in organizational capacity. The current RegTech management team will remain and work in close partnership with Nordic Capital.

“RegTech’s unique portfolio of software and solutions is highly acclaimed in the industry and has already earned the trust of more than 6,000 reporting firms including banks, insurance companies, supervisory authorities and financial services providers. We are very impressed by the Company’s market position, its platform and its potential for further expansion. Our broad experience in supporting the growth and development of software and technology companies makes Nordic Capital an ideal partner to play a formative role in the next phase for RegTech together with the Company’s management team,” said Fredrik Näslund, Partner and Head of Technology & Payments, Nordic Capital Advisors.