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New Deal


Announced

Completed

Total Specific Solutions and Topicus completed the acquisition of Five Degrees.

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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Netherlands

financial technology

Friendly

Private

Single Bidder

Domestic

Majority

FinTech

Acquisition

Completed

Synopsis

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Total Specific Solutions, a company that develops business software solutions, and Topicus, a provider of vertical market software, completed the acquisition of Five Degrees, a cloud core banking provider. Financial terms were not disclosed. “The acquisition of Five Degrees fits perfectly into our financial services strategy to provide the best banking-grade FinTech solution to our clients. We share the same vision of innovation and customer focus. Together we can serve our customers even better," Daan Dijkhuizen, Topicus CEO.

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