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Broadridge to Acquire Canada-Based RPM Technologies for USD 300m
Friday 24 May 2019

24 May 2019 - New York, US-based fintech company Broadridge Financial Solutions, Inc. (NYSE: BR) has agreed to acquire Canada-based RPM Technologies, a provider of enterprise wealth management software solutions and services, for USD 300m, the company said.
The transaction is expected to contribute USD 40m-50m in revenues to Broadridge in fiscal year 2020. Broadridge is purchasing RPM from its current owners which include Bayshore Capital Inc.
The closing of the transaction is subject to the completion of an intercompany reorganization by RPM Technologies and standard customary closing conditions.
Broadridge Financial Solutions, Inc. (NYSE: BR), a USD 4bn global Fintech leader, provides investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally.
RPM provides enterprise-class wealth management software solutions to Canadian banks and wealth management firms.
Bayshore Capital finances and builds companies in financial services and information technology.
RBC Capital Markets is acting as exclusive financial advisor to Broadridge. Canaccord Genuity Corp. is acting as exclusive financial advisor to RPM.
Details
Date Published: 24/05/2019
Target: RPM Technologies
Country: Canada
Deal Size: 300m (USD)
Sector: Computer Software
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Broadridge Financial Solutions
Buyer Advisor: RBC Capital Markets
Comment:


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