Announced

Credit Suisse NEXT Investors completed the acquisition of NorthPoint Digital from ACA Compliance Group.

Synopsis

Credit Suisse NEXT Investors, an American private equity firm, completed the acquisition of NorthPoint Digital, a software developer, from ACA Compliance Group. Financial terms were not disclosed. "NorthPoint's comprehensive product suite – spanning order management software to portfolio management – provides a differentiated offering to a growing client base that includes hedge funds, allocators and asset managers. We're excited about the opportunity for growth in this vertical, as financial institutions continue to embrace new technology and tools to solve their operational and client needs," Alan Freudenstein, NEXT Investors at Credit Suisse Asset Management Co-Head and Portfolio Manager.

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