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New Deal


Announced

Completed

Foreside completed the acquisition of ICSGroup.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

regulatory compliance

Acquisition

Completed

Friendly

Majority

Domestic

compliance services

Private

Single Bidder

Diversified Financials

Synopsis

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Foreside Financial Group, a provider of governance, risk management, and compliance service and technology, completed the acquisition of Integrated Compliance Solutions Group, a regulatory compliance services firm serving the asset management industry in the US and Africa, with an emphasis on private funds and emerging managers. Financial terms were not disclosed. “When assessing any of the acquisitions we’ve made, quality of client service and industry expertise are top considerations. ICSGroup fulfills these ideals, and we’re excited to have the opportunity to work alongside them. From a strategic standpoint, this acquisition puts us in a great position, despite the unprecedented times in which we’re operating, to continue executing on our overall growth strategy across client types,” Dave Whitaker, Foreside President.

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