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New Deal


Announced

Completed

Spectrum Equity and Information VP completed the $74m investment in Empyrean.

Financials

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Transaction Value£53m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Software

compliance solutions

Completed

Private Equity

Domestic

Friendly

Acquisition

Minority

Synopsis

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Spectrum Equity and Information Information Venture Partners, two private equity firms, completed their $74m investment in Empyrean Solutions, a provider of asset and liability management and risk and compliance solutions for banks and credit unions. "Empyrean's success to date has been achieved by combining a modern, intuitive platform that spans all key risk and finance functions, market-leading data processing which enables clients to run scenarios and produce reports in a fraction of the time and effort required on other platforms, and through our track record of continuous product innovation. We are thrilled to partner with Spectrum Equity as they share our vision to accelerate product-led growth over the coming years," Raffi Festekjian, Empyrean Executive Chairman.

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