STG Partners Acquires London-Listed Gresham For £146.7 million

Gresham Technologies, a London-based financial technology company, has agreed to be acquired by a private equity firm in a cash transaction valued at £146.7 million.

Gresham’s board has given its approval to a proposal from Alliance Bidco, an entity indirectly controlled by STG Partners, a private equity firm based in the US.

Bidco Plans To Integrate Gresham With Alveo

Bidco intends to link the company to a firm acquired last year, known as Alveo. By combining the two companies, Bidco seeks to build a worldwide and distinctive corporate data management and governance system for the financial markets technology ecosystem.

Gresham’s directors mentioned that they are accepting the bid despite the ongoing difficult situation in Gresham’s end markets. They added that customers are hesitant to adopt modern technologies, thereby affecting Gresham’s sales channel.

The firm also highlighted the low liquidity level on the London Stock Exchange, making it difficult for stakeholders to cash out.

Gresham stated that the company believes the cash proposal provides a beneficial opportunity for Gresham stakeholders to realize just and assured value. It will also provide an exciting avenue for Gresham to be more competitive in its international markets and to carry on the Clareti journey initiated more than 10 years ago.

Gresham Specializes In Offering Enterprise Data Integrity

Gresham Technologies, previously branded as Gresham Computing plc, is a services and software company that concentrates on offering enterprise data integrity and immediate transaction control solutions.

Its headquarters is located in London and its registered on the primary market of the LSE. Its customers comprise several of the biggest financial institutions in the world, all of which are assisted locally from centers based in  Asia Pacific, North America, and Europe.

Every aspect of Gresham’s product advancement for its Clareti system is managed from its Innovation Labs, established in the technology hub of Silicon Gorge, Bristol in September 2016. In October 2016, Gresham bought C24 Technologies Limited, an expert in standards-driven financial integration and messaging solutions.

In July 2018, the company purchased the B2 Group, professionals in cash management software and bank-to-corporate integration, and concentrates on the burgeoning multi-bank services market. In July 2020, the firm proceeded and bought Inforalgo, experts in Straight-through processing (STP) solutions for pre-trade and post-trade.

In 2021, Gresham bought Electra Information Systems, a company that provides buy-side post-trade solutions. It can boost efficiency and reduce risks in client fee billing, trade settlement data aggregation and transformation, and reconciliation.