Banking on a winning combination: B&C helps Gresham Technologies' take-private by STG Partners

17/05/2024

We’re delighted to have helped with the all-cash £146.7m take-private of Gresham Technologies by Alliance Bidco, a limited company indirectly owned by STG Partners.

STG, a $10bn US private equity firm focused on data, software and analytics, has agreed to the take-private of Gresham, a UK fintech specialising in solutions for data integrity and control, banking integration, payments and cash management via its vehicle Alliance Bidco.

STG, via Alliance Bidco, intends to combine Gresham with Alveo, a portfolio company and an enterprise data management software platform with the aim of building a global and differentiated enterprise data management and governance platform for the capital markets tech ecosystem.

Gresham chairman Richard Last said: "We believe the cash offer provides a good opportunity for Gresham shareholders to realise fair and certain value and an exciting way for Gresham to compete more effectively in its global markets and to continue the Clareti journey started over a decade ago."

STG Partners’s portfolio currently comprises 29 international technology companies, which collectively employ over 13,000.

We wish the company every success with the next step in its journey.

If you'd like to find out how we can ensure the success of your M&A projects, chat with us today: hello@blackandcallow.com .

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