May 21, 2021

Willkie advised Fenergo in the transaction.

On May 18, it was announced that Astorg and Bridgepoint signed a definitive agreement alongside Fenergo’s management team to acquire Fenergo, a software company for financial institutions, from Insight Partners. The acquisition follows a period of strong expansion for Fenergo and is intended to drive investment in the firm’s SaaS strategy, product line development and support an expanding team through the next phase of growth.

Fenergo is a leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions. Its software digitally transforms and streamlines end-to-end CLM processes - from regulatory onboarding, data integration, client and counterparty data management, client lifecycle reviews and remediation, all the way to client offboarding. Headquartered in Dublin, Ireland, Fenergo currently employs over 850 people and has offices in North America, the UK, Poland, Spain, South Africa, Asia Pacific, and the UAE.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.

Astorg is a global private equity firm with over €10 billion of assets under management. The company has valuable industry expertise in software, healthcare, business-to-business professional services, and technology-based industrial companies. Astorg has offices in London, Paris, New York, Frankfurt, Milan, and Luxembourg.

Bridgepoint is an international alternative asset fund management group, providing private equity and private debt lending solutions to the middle market. With over €26 billion of assets under management, Bridgepoint has offices in Europe, US and China.

The Willkie team was led by partner Matthew Guercio and associate Stephanie Moran, and included associate Michael Enea, and law clerk David Ostermann.