Reorg, a global provider of financial and legal intelligence and data, announced today that it has agreed to acquire FinDox, a leading document, compliance and data management provider.
“As part of our global growth strategy across a variety of credit verticals, Reorg continues to invest in solutions to better serve our customer base. We’re excited to bring the FinDox team into Reorg to enhance our overall data and workflow solutions for leveraged finance and private market investors in the Americas and Europe,” said Kent Collier, founder and CEO of Reorg. “Adding FinDox’s data management capability together with its compliance management tools and ESMA reporting will further enhance Reorg’s portfolio of data, analysis and workflow tools.”
FinDox was founded in 2016 by Tejs Broberg, whose goal was to revolutionize investment management data. At its core, FinDox has built the industry-leading document aggregation and compliance platform, which serves as the central repository for more than 3 million confidential investment documents from approximately 25,000 deals, all accessed through a controlled compliance meta layer. FinDox also provides ESMA Article 7 reporting, financial data analytics and ESG reporting to more than 100 customers around the globe.
“We’re excited about joining Reorg, accelerating the pace of development and offering FinDox capabilities to a much wider global customer base,” said Broberg, founder and CEO of FinDox. “I am beyond proud of the FinDox team and extremely excited to continue to invest in best-in-class technologies and products to serve existing and new clients. The combination with Reorg will help us reach new levels of scope and scale that our clients deserve.”
Daniel Brenhouse and Andrew Young, partners at Permira, commented: “Similar to Reorg, FinDox’s user-friendly solutions make data more accessible and easy to use for credit market participants. Clients love this product. This investment will bolster Reorg’s technology leadership and accelerate the company’s track record of innovation and growth.”
The transaction is expected to close in December 2022. Houlihan Lokey served as exclusive financial advisor to Permira and Weil, Gotshal & Manges LLP served as legal counsel to Reorg. O’Melveny served as legal counsel to FinDox.
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