Ireland’s Regtech firm Fenergo reveals that it has been acquired by private equity companies, the Paris-headquartered Astorg and London’s Bridgepoint, from Insight Partners.
Although the financial terms of the deal haven’t been shared publicly, the Irish Times said that industry sources claim that the transaction was valued at around $600 million. This led to Fenergo’s market valuation jumping to $1.165 billion, thus making it one of Ireland’s new Unicorns.
In the financial year ending March 2021, Fenergo’s revenue surged 17% to $107 million.
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