Bridgepoint and Astorg completed the acquisition of a majority stake in Fenergo from Insight Partners and DXC for $600m.

Bridgepoint, an alternative asset fund management firm, and Astorg, a French private equity group, completed the acquisition of a majority stake in Fenergo, a digital enabler of client and regulatory technology for financial services, from Insight Partners, a venture capital and private equity firm, and DXC, a provider of information technology services, for $600m. “We have tracked Fenergo for many years and have been impressed with its strong market position, innovative technology and consistent strong positive feedback from a customer base of large financial institutions. We are thrilled to partner with Bridgepoint to help shape the future of this unique company. Marc Murphy and his team have proven their strength year after year in this very demanding industry. This investment confirms our commitment to backing fast-growing and innovative software leaders,” Benoit Ficheur, Astorg Partner.