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    Home»Acquisitions»Ireland’s Regtech Fenergo has Reportedly been Acquired by Private Equity Firms
    Acquisitions

    Ireland’s Regtech Fenergo has Reportedly been Acquired by Private Equity Firms

    May 22, 20211 Min Read
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    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.

    Read more/Source: crowdfund insider

    By Omar Faridi

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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