Finance Active strengthens its international growth with a major acquisition in Germany
May 4, 2020
Europe
Finance Active, the European leader in SaaS solutions for debt management and financial risk management for multinationals, local authorities and financial institutions, has taken a majority stake in the German company Verifino, together with Lucht Probst Associates Gmbh (« LPA »), a German IT company specialized in software for financial markets.
The new Verifino company aggregates all the respective activities of Finance Active and LPA in debt management for the German and Austrian markets. Verifino will benefit from Finance Active’s experience in the management of financial products dedicated to the German public sector, and from LPA’s software expertise in debt management for banks and public institutions.
Following this operation, Finance Active will own 70% of Verifino. Technical and commercial teams, mainly from LPA, will still be based in Frankfurt-am-Main.
With this operation, Finance Active pursues its development in partnership with European financial institutions, and with a particularly strong presence in Scandinavia and Germany. It also consolidates its position as European leader in the field of cloud-based debt management solutions for public bodies, opening the way for new sources of analysis and data management.
Finance Active’s equity stake in Verifino is a new step in its international development, which has become a strategic focus of Finance Active since Cathay Capital acquired a stake in the company in March 2019. With its experience in external growth strategies and operational assistance to management teams, Cathay Capital has actively contributed to the successful completion of Finance Active’s first European acquisition in Germany, in which Cathay Capital established its German office in Munich in 2015.
Jacques Descourtieux and Patrice Chatard, Co-CEOs of Finance Active: ‘’We are delighted to partner with LPA for the development of Verifino. This is a great strategic opportunity to expand our European presence and to strengthen our relationships with financial institutions. Finance Active and LPA teams will be able to combine their assets and offer our customers more performant solutions and data management.’’
Edouard Moinet, Co-Founder and Managing Partner of Cathay Capital: ‘’We are happy to support Finance Active in this first build-up, which is also the first carried out by Cathay Capital in Germany for one of its participations. 9 months after the closing of our investment, this acquisition is a key milestone in the development plan we have defined with the management team to enable Finance Active to become a world leader in digital solutions for debt management.’’
About Finance Active
Finance Active designs SaaS solutions to improve performance in debt management and financial risk management: foreign exchange, investment, prospective and guarantees. Continuously connected to the financial markets, our solutions enable the monitoring and valuation of positions, and simplify the management of operations considered as complex. We provide exceptional information and a high level of support to financial teams. Our ambition is to increase their operating margin, maximize financial performance and streamline decision-making. Finance Active paves the way for digital transformation in financial departments of companies, local authorities and financial institutions with more than 13,000 users across 5 continents. For more information: www.financeactive.com
About Lucht Probst Associates (LPA)
Lucht Probst Associates (LPA) is the European market leader in the field of capital market technologies (CapTech). Its core business is the CapTech Suite, a range of software solutions for automated consulting, sales and documentation. LPA also offers strategic consulting, management and implementation services. Following increased expansion in recent weeks and months, almost 400 technology and capital market experts are currently working at ten international locations in Europe, Asia, North America and the Middle East for an international client portfolio. For more information: www.en.l-p-a.com
About Cathay Capital
Cathay Capital Private Equity is a leading international private equity firm focused on cross-border investment and committed to supporting the international expansion of middle-market companies in North America, China and Europe. The firm’s team of over 90 professionals is based in New York, Shanghai, Beijing, Paris, Munich, San Francisco and Tel Aviv and leverages its unique business model and platform to create value for companies across three continents. With $3.1 billion in assets under management, Cathay Capital Private Equity has completed more than 100 buyouts and growth capital investments across three continents since its inception in 2007. Cathay Capital Private Equity invests in and assists middle-market companies in the consumer goods and services, healthcare, business services and technology industries. For more information: www.cathay.fr
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For Finance Active For Cathay Capital
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