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New Deal


Announced

Completed

FIS completed the acquisition of a majority stake in Virtus Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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asset management software

Completed

Single Bidder

Acquisition

United States

Majority

Friendly

Private

FinTech

Private Equity

Domestic

Disposal

Synopsis

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FIS, a financial software provider, completed the acquisition of a majority stake in Virtus Partners, a credit-based alternatives fund solutions provider. Financial terms were not disclosed. "Virtus is a rapidly growing, leading provider of high-value managed services and technology solutions focused on the credit and loan markets. The addition of its credit and loan market offerings helps round out our capital markets portfolio and enables us to connect the full lending value chain across the buy and sell sides," FIS.

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