Advised Carlyle, a global alternative asset manager, in its acquisition of vwd a full-service provider of market data and innovative applications for private and retail banking, and asset and wealth management.
Goldenhill advises Carlyle Group on the acquisition of vwd group
Another cross-border FinTech transaction for Goldenhill
February 4, 2013 – Goldenhill International M&A Advisors today announced that it assisted The Carlyle Group (“Carlyle”), a global alternative asset manager, in its acquisition of Vereinigte Wirtschaftsdienste Aktiengesellschaft (“vwd group”). Carlyle initially announced its decision to launch a voluntary takeover offer for all vwd group shares in September 2012 and the deal closed at the end of December, with an approximate value of €70million.
Commenting on the contribution of Goldenhill to the completed transaction, Dr. Thorsten Dippel, Director at Carlyle, said, “Goldenhill identified vwd group as a suitable acquisition opportunity for Carlyle and initiated the process which resulted in this agreement. They advised on many aspects of the transaction including identifying specialist advisors and offering domain knowledge in the market data and FinTech sector”.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $157 billion of assets under management across 101 funds and 64 fund of fund vehicles as of September 30, 2012. Carlyle’s purpose is to invest wisely and create value on behalf of our investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs 1,300 people in 32 offices across six continents.
About vwd group
vwd group is a full-service provider of market data and innovative applications for private and retail banking, and asset and wealth management. vwd group’s applications and services combine the streams of data produced by global financial markets into productive information that can be used for analysis and decision-making. It offers innovative solutions for financial service providers, corporates, media and private clients. Its subsidiary EDG AG (European Derivatives Group) is a provider of risk assessment and product ratings in Germany. vwd group was founded in 1949. In 2011, the group reported sales of €81 million and it has 465 employees.
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, Europe, Latin America, Canada, and Australia. We have extensive experience and a specific emphasis in technology businesses and many of our engagements result in cross-border transactions.
February 01, 2013