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Confluence Technologies
Oakley advises Confluence Technologies on its recommended £190m acquisition of StatPro
Sector:
Technology
Transaction Type:
Acquisition
Date:
October 2019
Deal Value:
£190m

Oakley Advisory, the independent corporate finance firm offering specialist advice across the TMT sector, has advised Confluence Technologies, Inc., a company ultimately controlled by funds managed and advised by TA Associates, on its acquisition of StatPro Group plc, which completed today. Oakley acted as lead financial advisor to Confluence and provided advice on all aspects of the “public to private” process.

Confluence offers financial services data management software platforms that provide mission-critical, trusted and innovative regulatory, investor communications and performance reporting solutions to the global asset management industry. It is backed by TA Associates, the US-headquartered private equity investment firm that has raised over $32 billion in capital since it was founded in 1968. TA is currently committing to new investments at the pace of over $2 billion per year.

StatPro is a global provider of portfolio analytics for the investment management industry with over 500 clients in 38 countries. The business develops all of its own software and supports clients from 12 offices around the world.

The Oakley team consisted of Chris Godsmark, Managing Partner, Marc Jones, Director and Max Gilbert, Assistant Director. Oakley has continued to grow its public markets practice this year, including both buyside and Rule 3 advice on public to private transactions.

Confluence’s CEO Mark Evans said:

“We have very much enjoyed working with Oakley on what is a transformative deal for Confluence, and our first UK public company takeover. The Oakley team were committed throughout the deal and provided timely and valuable advice.”

Marc Jones, Director at Oakley, commented:

“We are delighted to have worked with Confluence and TA Associates on the acquisition of StatPro. This deal is a further demonstration of our capability in public company M&A, being the fourth we have announced so far this year, and the third P2P. We continue to see a growing interest in P2P transactions across all sectors, including our core TMT franchise.”

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