Marlin & Associates Advises StatPro Group plc on a US $230m Take-Private Transaction
We are pleased to announce another successful m&a transaction on behalf of our client.
Marlin & Associates serves as strategic and financial advisor on the sale of StatPro Group plc to an affiliate of Confluence Technologies, Inc., a portfolio company of private equity firm TA Associates and a global leader in data-driven solutions for the Asset Management Industry in an all cash transaction valued at about US$230 million (£185 million including approximately £161.1 million in equity value on a fully diluted basis), which represents a premium of approximately:
- 54.9% to the Closing Price of on the Business Day prior to the date of this Announcement; and
- 76.4% to the volume weighted average Closing Price for the six months prior to the date of this Announcement
The Transaction is expected to be completed in the fourth quarter of this year.
StatPro, a UK-based, publicly listed company (LSE: SOG) is a global leader providing a comprehensive range of portfolio management solutions including portfolio valuations, fixed income and equity attribution, risk management, GIPS composites, governance, and analytics reporting, on an integrated, cloud-based platform to the worldwide investment management industry.
Justin Wheatley, Founder and CEO of StatPro said: “We have been delighted with the service provided to us by Ken Marlin and his team. They have been diligent and thorough, and also a pleasure to work with. The Marlin team’s deep knowledge of our industry makes them the number one go-to firm when you want to sell your business. They have seen and managed more or less every possible situation and know the play book on how to deal with them. The process was meticulously planned and executed.”
The full announcement can be read here.