Goldenhill International M&A Advisors today announced that it acted as M&A advisors to StatPro Group plc (AIM:SOG, “StatPro”), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, in its agreement to buy the risk and performance analytics services, UBS Delta, for approximately 13 million in cash, paid over three years.
UBS Delta will enable StatPro to extend its risk and performance analytics service from the middle office to the front office of asset managers. The acquisition is phased over three to five years as StatPro incorporates UBS Delta’s functionality into its flagship product, StatPro Revolution.
UBS Delta has proven to be best in class for risk for asset managers with a special focus on fixed income attribution and risk. The quality and precision of the analysis provided makes UBS Delta stand out. The strong team of professionals that are behind the service have the knowledge and experience to make a real difference to StatPro. The way risk and performance is used in the front office of asset managers is functionally different to the way the middle office works, which is StatPro’s traditional market. Adding UBS Deltas capabilities broadens StatPro’s potential market.
Commenting on the contribution of Goldenhill, Justin Wheatley, StatPro CEO, commented:
“Goldenhill identified UBS Delta as a suitable acquisition opportunity for StatPro and initiated the process which resulted in this agreement. We appreciate Goldenhill’s expertise and experience, especially in the Fintech sector, and it was a pleasure to work closely once again with them during this transaction. The first transaction with Goldenhill was in 2006 and we have since worked together with them on several other deals over the years.”