BlackFin Capital Partners acquires a majority stake in AMfine, a software provider dedicated to the asset management industry

BlackFin Capital Partners, a private equity firm specialized in the financial services sector, acquires a majority stake in AMfine (www.amfinesoft.com).

AMfine Services & Software is a software provider dedicated to the asset management industry, created in 2006 by Michael Priem. AMfine’s software solutions allow asset management companies to automate the production and the distribution of regulatory, tax and financial reporting for investors, tax agencies, and supervisory authorities. In an increasingly complex regulatory environment, AMfine allows asset management companies to remain fully compliant with the lastest regulatory guidelines, and to decrease back-office costs.

AMfine employs forty people in Paris and Luxembourg. AMfine’s clients are mostly Tier1 and Tier2 asset management companies and securities services providers located in France, Switzerland and Luxembourg.

This transaction allows BlackFin to become AMfine’s largest shareholder, alongside its CEO Michael Priem. BlackFin’s objectives are to strenghthen AMfine’s leading position within the regulatory reporting market in France and Luxembourg, and to reinforce AMfine’s footprint in other European countries. Furthermore, the execution of several add-on acquisitions will allow AMfine to complement its product offering and to develop its footprint in key markets.

Laurent Bouyoux, President of BlackFin Capital Partners, declares: “We are delighted by this investment in AMfine, which follows the acquisition of NeoXam in 2014. BlackFin will continue to invest in growing and profitable financial software providers in continental Europe.”

Source: BlackFin Press Release

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