Industry M&A
Interesting news out of Germany yesterday with the announcement of the acquisition of BearingPoint’s successful RegTech business by Nordic Capital.
A significant private equity player, Nordic Capital has purchased the RegTech business, a division of BearingPoint with turnover of approximately €100M pa and 630 employees, “subject to customary regulatory approvals”. The RegTech spin out includes BearingPoint’s XBRL business lines, which support banks, insurance companies and supervisory authorities.
More here.
