Advised Confluence Technologies, a global leader in investment data management automation, in its acquisition of Orfival, a Belgium-based leading provider of performance attribution, risk analysis and analytics solutions.
Goldenhill advises Confluence in its acquisition of Orfival S.A.
Goldenhill’s 2nd acquisition advising Confluence
December 1, 2014 – Goldenhill International M&A Advisors today announced that it acted as M&A advisor to Confluence, the global leader in investment data management automation, in its acquisition of Belgium-based Orfival, a leading provider of performance attribution, risk analysis and analytics solutions.
The acquisition will allow Confluence to leverage Orfival’s product expertise and networks to provide an even more comprehensive data management and reporting offering to the global asset management industry. Orfival was founded in 1999 and has built up its network amongst European asset managers, insurance companies and pension schemes by offering solutions for portfolio management and analytics, performance measurement and attribution, risk and investment compliance, reporting services.
In the U.S., where Confluence is the market leader in mutual fund performance calculation, Confluence clients will now have access to Orfival’s performance attribution functionality which will sit hand-in-hand with Confluence’s existing capabilities to provide complex comparative analysis against benchmarks. Confluence will also augment its global data-driven performance and regulatory reporting solutions with added risk metrics, composites and analytics capabilities.
Commenting on the contribution of Goldenhill to the just completed transaction, Frederick Winston, Confluence CFO said, “We have been working for several years with Goldenhill to identify appropriate acquisition opportunities that will help Confluence to achieve our growth strategies. We are very pleased to have Goldenhill assisting us in all aspects of the M&A process including this transaction announced today. Their knowledge of the FinTech sector, presence on both sides of the Atlantic and experience in the M&A process have been of tangible value to us. Goldenhill has demonstrated commitment and expertise in working with us and we look forward to continuing our working relationship with them.”
For more than 20 years, the global asset management industry has relied on Confluence to deliver innovative solutions to the industry’s toughest data management, automation and regulatory challenges. The unified Confluence platform enables asset managers to consolidate and leverage data across business operations -including the collection, creation, confirmation and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources.
Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. From the Confluence traditional install, hosted and outsourced Unity® platform solutions to our enterprise-grade SaaS enabled Unity NXT platform, Confluence automates critical fund management and administration processes — such as regulatory reporting, financial statement preparation and performance reporting. The platforms feature solutions to support asset managers and a wide array of fund types — including ’40 Act mutual funds, ETFs, hedge funds, Canadian mutual funds, and UCITS funds.
Headquartered in Pittsburgh, Pennsylvania, Confluence serves the international fund industry with key locations in Dublin, London, Ho Chi Minh City, Luxembourg and San Francisco. For more information, visit www.confluence.com.
About Goldenhill International M&A Advisors
With offices in London, San Diego and Buenos Aires, Goldenhill’s business is to advise our clients in M&A engagements. Our engagements include providing services to Sellers or Buyers in M&A projects in the UK, USA, Continental Europe, Latin America, Canada and Australia. We have extensive experience and a specific emphasis in financial technology businesses and many of our engagements result in cross-border transactions.
December 10, 2014