Today, Infront announced that they has acquired 100% of the shares in vwd Group GmbH from a fund managed by The Carlyle Group. vwd Group provides end-to-end technology and data solutions for the wealth management industry. The company has a significant market position in the German-speaking region, serving ~2,400 customers with ~50,000 professional users. The combined business will be a top 3 provider of financial terminals to financial professionals in Europe, with ~3,600 diversified customers and ~90,000 professional users.
The transaction will be financed by a bond issue of EUR 105 million and an equity rights issue of approximately NOK 240 million (equivalent to approximately EUR 25 million), both fully underwritten.
ABG Sundal Collier acted as sole financial advisor to Infront for the acquisition. For the financing, ABG Sundal Collier and Danske Bank are joint financial advisors.
Infront provides a unique combination of global market data, news, analytics and trading tools. With over 20 years of product development driven by our clients’ business needs, the Infront Professional Terminal is the most user-friendly and flexible terminal in the financial market. Over 40,000 professional subscribers worldwide rely on Infront’s services. Infront is listed on the Oslo Stock Exchange and has offices in eight countries across Europe and South Africa.