Aquiline Capital buys controlling stake in BI-SAM

Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has become the majority shareholder of BI-SAM Technologies, a provider of data management solutions for the asset management industry. Terms of the transaction were not disclosed.

Aquiline will provide financial and operational support, including North American presence and expertise, to aid BI-SAM in its plan for growth and expansion. BI-SAM intends to increase its market share across all tiers of the global asset management industry.

BI-SAM will continue its strategy of global expansion and bolster its client services and implementation partnerships. BI-SAM plans to increase materially the size of its workforce over the next three years, most notably in North America and the Asia-Pacific region, to further its growth and operations in those geographies.

Alexandre Harkous, chief executive of BI-SAM, said: “Our B-One platform has enabled asset managers all over the world to adapt to evolving regulation, reduce risk and operational costs, measure and analyze portfolio performance, and enhance their client communication.”

Jeff Greenberg, chief executive of Aquiline, said: “We chose to invest in BI-SAM in partnership with the management team because of its strong competitive position, high growth potential and its clear vision for the future.”

“BI-SAM’s unique, full-service offering allows asset managers to improve their operations and better service investors by increasing their efficiency and transparency, and we look forward to supporting the continued growth and expansion of the business.” 

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