21 Acquisitions of Companies in the Finance Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Finance industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 21 acquisitions that took place in the Finance industry.

Arden Partners acquired by The Ince Group

Details about the transaction:

Acquisition amount:

$13,765,515

Announcement:

26 October 2021

Details about the company:

A variety of services are offered to corporate customers and stakeholders by the corporate advisors and multi-service stockbroker Arden.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Banking, Finance, Financial Services

Details about the buyer:

In addition to providing customers with legal services, Ince Group Plc also offers accounting, financial services, consultancy, and pensions advice.

Headquarter:

London, England, United Kingdom

Where to find them:

Gesplan acquired by TOTVS

Details about the transaction:

Acquisition amount:

$8,704,357

Announcement:

4 April 2022

Details about the company:

Gesplan offers comprehensive planning and controlling solutions.

Headquarter:

Joinville, Santa Catarina, Brazil

Where to find them:

Industry:

Finance, Financial Services

Details about the buyer:

The firm TOTVS provides software, relationship, and management assistance.

Headquarter:

São Paulo, Sao Paulo, Brazil

Where to find them:

Cozy acquired by CoStar Group

Details about the transaction:

Acquisition amount:

$68,000,000

Announcement:

8 November 2018

Details about the company:

Renters and landlords can use Cozy, an online property management service.

Headquarter:

Portland, Oregon, United States

Where to find them:

Industry:

Finance, Property Management, Real Estate, Rental, Software

Details about the buyer:

Information, analytics, and marketing services on commercial real estate are offered by CoStar Group (NASDAQ: CSGP).

Headquarter:

Washington, District of Columbia, United States

Where to find them:

Seedrs acquired by Republic

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

1 December 2021

Details about the company:

A crowdfunding and investment platform located in the UK is called Seedrs.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Crowdfunding, Finance, Financial Services, Funding Platform, Venture Capital

Details about the buyer:

Republic selects high-growth potential private investment opportunities in startups, gaming, real estate, and cryptocurrency.

Headquarter:

New York, New York, United States

Where to find them:

Technology Insight acquired by Glantus

Details about the transaction:

Acquisition amount:

$9,300,000

Announcement:

16 July 2021

Details about the company:

Recovery Audit Services and solutions for internal mistake avoidance are also offered by Technology Insight.

Headquarter:

Marlborough, Massachusetts, United States

Where to find them:

Industry:

Accounting, Finance

Details about the buyer:

Glantus is a leading provider of analytics and automation solutions for accounts payment.

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

Walker Crips Asset Managers acquired by Liontrust Asset Management

Details about the transaction:

Acquisition amount:

$18,815,796

Announcement:

13 March 2012

Details about the company:

In the UK, Walker Crips Asset Managers offers financial services.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Finance, Financial Services, Wealth Management

Details about the buyer:

A specialized fund management firm is Liontrust Asset Management PLC.

Headquarter:

London, England, United Kingdom

Where to find them:

New Money acquired by JD.com

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

17 June 2015

Details about the company:

A family financial information service provider is New Money.

Headquarter:

Xinzhuang, Shanghai, China

Where to find them:

Industry:

Digital Media, Family, Finance

Details about the buyer:

An online retailer of consumer electronics in China is called JD.com.

Headquarter:

Beijing, Beijing, China

Where to find them:

Broad Arrow Group acquired by The Hagerty Group

Details about the transaction:

Acquisition amount:

$64,800,000

Announcement:

10 August 2022

Details about the company:

The founders', employees', and strategic partners' shared goal of becoming the finest adviser is embodied by Broad Arrow Group.

Headquarter:

Grosse Pointe, Michigan, United States

Where to find them:

Industry:

Advice, Finance

Details about the buyer:

A family-run firm that specializes in vehicle and boat insurance is called Hagerty (U.S.).

Headquarter:

Traverse City, Michigan, United States

Where to find them:

Fair Go Finance acquired by MyBucks

Details about the transaction:

Acquisition amount:

$2,252,844

Announcement:

18 January 2017

Details about the company:

For regular Australians, Fair Go Finance offers online personal loans.

Headquarter:

Mandurama, New South Wales, Australia

Where to find them:

Industry:

Finance, Financial Exchanges, Financial Services, FinTech

Details about the buyer:

MyBucks is a business that uses technology to offer financial services and goods.

Headquarter:

Luxembourg, Luxembourg, Luxembourg

Where to find them:

Freedom Bank acquired by Landmark National Bank

Details about the transaction:

Acquisition amount:

$33,350,000

Announcement:

29 June 2022

Details about the company:

A bank that offers banking and financial services is called Freedom Bank.

Headquarter:

Overland Park, Kansas, United States

Where to find them:

Industry:

Banking, Finance, Financial Services

Details about the buyer:

A bank holding company called Landmark National Bank was established under Delaware state law.

Headquarter:

Manhattan, Kansas, United States

Where to find them:

JUMP Technology acquired by Clearwater

Details about the transaction:

Acquisition amount:

$73,719,927

Announcement:

29 September 2022

Details about the company:

Investment management software is offered by JUMP Technology.

Headquarter:

Paris, Ile-de-France, France

Where to find them:

Industry:

Asset Management, Finance, Risk Management, Software, Wealth Management

Details about the buyer:

A dependable and complete technological platform for investment accounting and analytics is Clearwater Analytics.

Headquarter:

Boise, Idaho, United States

Where to find them:

MOVA acquired by Experian

Details about the transaction:

Acquisition amount:

$7,903,108

Announcement:

16 May 2022

Details about the company:

A fintech startup called MOVA offers services for peer-to-peer lending and online investing.

Headquarter:

Vila Olímpia, Sao Paulo, Brazil

Where to find them:

Industry:

Finance, Financial Services, FinTech, Lending

Details about the buyer:

Experian unleashes the potential of data to open doors for customers, companies, and society.

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

cigfinancial.com acquired by AutoNation

Details about the transaction:

Acquisition amount:

$85,000,000

Announcement:

22 July 2022

Details about the company:

The indirect car financing firm cigfinancial.com, with its headquarters in Irvine, California, was established in 1985.

Headquarter:

Irvine, California, United States

Where to find them:

Industry:

Automotive, Finance

Details about the buyer:

For the automotive sector, AutoNation is a retailer of vehicles that buys and sells a variety of vehicles.

Headquarter:

Fort Lauderdale, Florida, United States

Where to find them:

Alas Consulting acquired by Virtusa

Details about the transaction:

Acquisition amount:

$28,000,000

Announcement:

5 July 2011

Details about the company:

Offering Financial Services Consulting

Headquarter:

New York, New York, United States

Where to find them:

Industry:

Consulting, Finance, Financial Services

Details about the buyer:

Virtusa is a top global supplier of consulting and outsourced services for next-generation information technology (IT).

Headquarter:

Southborough, Massachusetts, United States

Where to find them:

Mantra Group acquired by MAF Finance Group

Details about the transaction:

Acquisition amount:

$21,697,099

Announcement:

25 July 2022

Details about the company:

A reputable and client-focused financial consulting business is Mantra Capital.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Finance, Financial Services

Details about the buyer:

MAF Finance Group helps companies get access to financing so they can expand.

Headquarter:

South Normanton, Derbyshire, United Kingdom

Where to find them:

Pilot Bank acquired by Lake Michigan Credit Union

Details about the transaction:

Acquisition amount:

$96,000,000

Announcement:

16 June 2021

Details about the company:

A full-service bank, Pilot Bank provides financial products and services to people, businesses, and organizations.

Headquarter:

Tampa, Florida, United States

Where to find them:

Industry:

Banking, Commercial, Finance, Financial Services, Retail

Details about the buyer:

A state-chartered credit union that offers banking and financial services is called Lake Michigan Credit Union.

Headquarter:

Grand Rapids, Michigan, United States

Where to find them:

Reckon acquired by The Access Group

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

19 May 2022

Details about the company:

Accounting software is provided by Reckon to accountants, bookkeepers, small and medium-sized enterprises, and individual consumers.

Headquarter:

Sydney, New South Wales, Australia

Where to find them:

Industry:

Accounting, Billing, Computer Vision, Finance, Information Technology, Personal Finance, Software

Details about the buyer:

Software development and consulting firm The Access Group offers completely integrated corporate management applications.

Headquarter:

London, England, United Kingdom

Where to find them:

Roqqett acquired by Equals Group

Details about the transaction:

Acquisition amount:

$2,690,930

Announcement:

28 November 2022

Details about the company:

A fintech firm and financial services provider is called Roqqett.

Headquarter:

Bath, Bath and North East Somerset, United Kingdom

Where to find them:

Industry:

Finance, Financial Services, FinTech, Payments

Details about the buyer:

Equals Group is a challenger in the financial services sector catering for both business and retail customers.

Headquarter:

London, England, United Kingdom

Where to find them:

Strait acquired by Sanne Group

Details about the transaction:

Acquisition amount:

$32,000,000

Announcement:

7 April 2021

Details about the company:

Financial solutions are offered by Strait, a fund administrator, to hedge funds and private equity firms.

Headquarter:

Dallas, Texas, United States

Where to find them:

Industry:

Accounting, Finance, Financial Services

Details about the buyer:

The Sanne Group offers services for managing corporate assets and alternative assets.

Headquarter:

St. Helier, NA - Jersey, Jersey

Where to find them:

Tookitaki acquired by Thunes

Details about the transaction:

Acquisition amount:

$20,000,000

Announcement:

18 April 2022

Details about the company:

Regtech business Tookitaki provides financial crime detection and prevention to some of the top banks and fintech companies in the globe.

Headquarter:

Singapore, Central Region, Singapore

Where to find them:

Industry:

Compliance, Finance, FinTech, Predictive Analytics, SaaS, Software

Details about the buyer:

Thunes provides a worldwide cross-border payment network that enables quick money transfers in 60 different currencies to 100 different countries.

Headquarter:

Singapore, Central Region, Singapore

Where to find them:

StepOut acquired by Massive Media

Details about the transaction:

Acquisition amount:

$25,000,000

Announcement:

1 September 2013

Details about the company:

Indians may connect and engage with individuals in their area via the social networking site Stepout.

Headquarter:

New York, New York, United States

Where to find them:

Industry:

Apps, Finance, Search Engine, Social Media, Software

Details about the buyer:

The impact of mass media on millions of individuals

Headquarter:

Ghent, Oost-Vlaanderen, Belgium

Where to find them: