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Stellex Capital, in Partnership with Communify, Acquires Financial Data Provider Fincentric

Aug 15, 2024•over 1 year ago

Acquiring Company

Stellex Capital Management

Acquired Company

Communify Fincentric

New YorkSanta MonicaFinancial ServicesPrivate Equity FundFinanceFinancial Services

Description

Stellex Capital Management, in partnership with Communify, has acquired Fincentric (formerly known as Markit On Demand) from S&P Global. The combining of Communify and Fincentric creates a differentiated and leading offering for the communication of market and client data for the financial sector.

Company Information

Company

Stellex Capital Management

Location

New York, New York, United States

About

With offices in New York, Detroit, Pittsburgh, and London, Stellex Capital is a private equity firm with over $2.6 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that have the potential to provide stability, improvement, and growth. Portfolio companies benefit from Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight, and access to capital. Sectors of particular focus include specialty manufacturing, industrial and business services, aerospace & defense, automotive, government services, transportation, logistics and food. Additional information may be found at www.stellexcapital.com

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed