August 30, 2022 - Numerix, a capital markets risk management technology business, announced that it has been acquired by Genstar Capital, a private equity firm focused on investments in financial services, healthcare, industrials, and software industries.
Founded in 1996, Numerix operates in the multi-asset class pricing market, derivative instruments and fixed income securities across 26 countries.
"We are excited to begin the next phase of our future growth with our new partners at Genstar Capital. For over 20 years, we have worked tirelessly to provide the most sophisticated analytic and technology solutions available to capital market participants across the globe," said Steven O'Hanlon, Chief Executive Officer, and President of Numerix. "We've always had a clear vision for the organization. Together with Genstar and their long track record in the financial services and software industries, we look forward to expanding our footprint across the entire value chain in the front-to-risk market providing even greater value to our customers."
Tony Salewski, Managing Director of Genstar, said, "Numerix has built a premier reputation as an innovative company with leading analytics and workflow solutions in the front-to-risk market. Our partnership with Steven and the Numerix management team will supplement their strong organic growth with strategic acquisitions that expand the company's significant value proposition."
Scott Niehaus, Director of Genstar, added, "Numerix is capitalizing on several macro tailwinds including the digital transformation of capital markets, continued complex regulatory requirements and substantial market volatility across asset classes and geographies. We are excited about the partnership with the Numerix management team as they help new and existing customers navigate these challenges." Numerix software is currently used across capital market institutions including banks, broker dealers as well as a range of buy-side institutions, including insurance firms, hedge funds, pension funds and asset managers.
Jefferies LLC served as financial advisor and Davis Polk & Wardwell LLP served as legal counsel to Numerix. RBC Capital Markets served as financial advisor and Willkie Farr & Gallagher LLP served as legal counsel to Genstar. Additional terms of the transaction are not disclosed.
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