Context
Sword GRC provides an award-winning platform for Governance, Risk and Compliance, made up of best of breed solutions that address the requirements of all enterprise market sectors
Riskonnect is a leader of integrated Risk Management Solutions and has more than 950 customers across 6 continents and more than 525 risk management experts across the globe
The acquisition brings together two fast growing players in the risk management software space and allows Riskonnect to further enhance its comprehensive solution suite of end-to-end integrated risk management software. The combined business further enhances Riskonnect's existing Global footprint and the combined business will now have over 750 employees and 1,250 customers worldwide
About Sword Group SE
Sword has 2,200+ (after disposal) IT/Digital & Software specialists present over 5 continents to accompany its clients in the growth of your organisation in the digital age. As a leader in technological and digital transformation, Sword has a solid reputation in software publishing and in complex IT & business project management. Sword optimises your processes and enhances your data
About Sword Group GRC
Sword GRC provides an award-winning platform for Governance, Risk and Compliance, made up of best-of-breed solutions that address the requirements of all enterprise market sectors. With a long and distinguished heritage, Sword GRC brings together a suite of complementary products in the GRC space available either as a cloud solution or standalone on-premises installations
The company has over 300 customers worldwide that are serviced directly and through a growing network of partners
About Riskonnect
Riskonnect is the leading integrated risk management software solution provider. It’s technology empowers organizations with the ability to anticipate, manage, and respond in real-time to strategic and operational risks across the extended enterprise. More than 950 customers across six continents use it’s unique risk-correlation technology to gain previously unattainable insights that deliver better business outcomes. Riskonnect has more than 525 risk management experts in the Americas, Europe, and Asia
About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acts as Sole Financial Advisor to Sword Group SE on the disposal of Sword GRC to Riskonnect, a portfolio company of TA Associates
Bryan, Garnier & Co acted as the Sole Financial Advisor to Sword Group SE on the sale of Sword GRC to Riskonnect, a portfolio company of TA Associates
Bryan, Garnier & Co conducted a streamlined process with selected Private Equity investors. Management and shareholders, advised by Bryan Garnier & Co, decided to select TA Associates, together with its portfolio company Riskonnect, as the preferred buyer and ran an exclusive sell-side process
The acquisition drives both organizations’ global growth objectives and enables Riskonnect to further build its footprint in the project & enterprise risk management vertical and expand into new geographic markets. The combination of Riskonnect and Sword GRC creates the most extensive management platform available, bringing together complementary product capabilities, best-in-class technology, and unmatched expertise to offer customers the benefits of a shared commitment to innovation, strengthening of clients’ risk management offerings, and the assembly of leading risk management talent
Sword Group will completely exit its holding in Sword GRC, with TA-backed Riskonnect owning a 100% of the share capital of the carved-out entity. The transaction was jointly led by TA and Riskonnect to leverage complementary synergies achieved from the Riskonnect’s deep knowledge of the market ecosystem and TA’s global network reach
This transaction continues to demonstrate Bryan, Garnier & Co’s growing expertise and track record in the FinTech, RegTech and Software sectors. Notable recent software transactions in FinTech include the sale of SmartTrade to Hg Capital, the acquisition of Qred by Nordic Capital, and the acquisition of Shine by Société Générale. Additional important software transactions advised by Bryan, Garnier & Co in the past 12 months include the acquisition of DL Software by TA Associates, the sale of Eudonet to Montagu Private Equity, the sale of kompany to Moody’s and the sale of a minority investment in Padoa to Five Arrows Growth Capital
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