August 2, 2023

On August 2, Willkie client Numerix LLC, a global leader in capital markets risk management technology, announced the acquisition of PolyPaths, a provider of analytics and risk management solutions for financial institutions.

Founded in 1996, PolyPaths is a market leader in advanced solutions for fixed income analytics.

Numerix, a portfolio company of Genstar Capital, is a leading provider of innovative capital markets technology solutions and real-time intelligence applications for trading and risk management. The addition of PolyPaths complements Numerix's existing capabilities and further extends its analytics asset class coverage.

With approximately $35 billion in assets under management, San Francisco-based Genstar Capital is a leading private equity firm focused on targeted segments of the financial services, healthcare, industrials, and software industries.

Willkie previously represented Genstar Capital in its acquisition of Numerix in 2022, and Numerix in its subsequent acquisition of FINCAD, a leader in pricing and risk analytics of financial derivatives and fixed income products.

The Willkie team was led by partners Manuel Miranda, Jeffrey Poss and Thomas Sharkey and included associates Gregory Segal and David Avraham.