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Centerbridge And Bridgeport Complete $1.6 Billion Acquisition Of Csi

Nov 16, 2022•about 3 years ago

Acquiring Company

Centerbridge

Acquired Company

CSI

New YorkPaducahReal Estate InvestmentAngel InvestmentVenture CapitalReal EstateFinanceFinancial ServicesFintechFinanceSoftwareInformation Technology

Description

Computer Services, Inc. (CSI), a leading provider of end-to-end fintech and regtech solutions, announced today the completion of its acquisition by private equity firms Centerbridge Partners, L.P. (Centerbridge), a global, multi-strategy private investment firm with deep experience investing in financial services and technology, and Bridgeport Partners (Bridgeport), a private investment firm with a long-term, value-oriented approach.

Company Information

Company

Centerbridge

About

Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines — Private Equity, Private Credit and Real Estate — in an effort to develop the most attractive opportunities for its investors. The firm was founded in 2005 and as of June 30, 2023, has approximately $36 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies.

Company

Bridgeport

Location

New York, New York, United States

About

BridgePort provides agnostic middleware for institutional crypto trading, connecting execution and custodial options for off-exchange settlement. Our technology layer infrastructure eliminates the need for trading firms to pre-fund, enabling safe and efficient on-exchange and OTC bilateral trading.

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