The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Majority Stake in NeoXam to be Acquired by Cathay Capital and Bpifrance

Private equity firm Cathay Capital and French public investment bank Bpifrance have signed up to acquire a majority stake in NeoXam. The data management and transaction solutions company has been up for sale for months and its acquisition leaves only Asset Control, which has been up for sale even longer, on the enterprise data management (EDM) shelf.

Cathay Capital and Bpifrance are buying a majority stake in NeoXam from BlackFin Capital Partners, which funded the company along with private investors led by CEO Serge Delpla when it took off in February 2014.

Over the past couple of years, and in the wake of a spending spree that included the acquisition of IBOR and EDM provider SmartCo – perhaps the company’s best buy as it brought in a consistent data model and integration capability – NeoXam has increased revenue by 25% to €62.5 million, hired over 150 employees and signed more than 32 deals including recent wins at United Overseas Bank and Quilvest Asset Management.

While BlackFin is known to have been looking to shift its share in NeoXam, it has been working closely with the company to identify suitable suitors and supported the selection of Cathay Capital, which has resources in Europe, China and the US and will extend NeoXam’s market reach in the US and Asia-Pacific, and Bpifrance for its institutional footprint.

Serge Delpla, founder and CEO at NeoXam, says: “Since 2014, we have been creating with BlackFin a new leader, aggregating together established software and seasoned teams with fast-growing French gems. This partnership has been successful. Now, Cathay Capital’s proven track record and Bpifrance’s institutional strength will be pivotal in providing us with the resources needed for NeoXam’s expansion plans.”

Laurent Bouyoux, chairman at BlackFin Capital Partners, adds: “We are proud of the robust and profitable model achieved by NeoXam in less than four years after its carve-out led by BlackFin and thanks to successful organic and external developments. We have been very supportive of Serge Delpla and the management in their ambitious geographical expansion strategy, which allowed Neoxam, initially France and Europe focused, to become a global player.”

The acquisition is expected to close at the end of this month.

Related content

WEBINAR

Recorded Webinar: Get to grips with FRTB data and data management requirements

Don’t miss this opportunity to view the recording of this recently held webinar. The Fundamental Review of the Trading Book (FRTB) sets out a revised market risk framework and proposals to improve capital requirements. Although the regulation’s compliance deadline is 18 months away and some details have yet to be finalised, financial institutions need to...

BLOG

Live at Data Management Summit USA Virtual – Day Two Keynote and Q&As

A-Team Group’s Data Management Summit USA Virtual Day Two was based on the theme of best practices for data driven strategies in today’s new normal. The day started with an informative live keynote from Arvind Joshi, director of data management at Scotiabank, on how to establish data quality for analytics. This was followed by three...

EVENT

RegTech Summit APAC

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...