News

Osborne Clarke advises Dion Global Solutions on acquisition of Swissrisk Financial Systems

25 Jan 2012

Osborne Clarke has advised leading financial technology (FinTech) provider Dion Global Solutions (Dion Global) on its acquisition of a controlling majority stake in Frankfurt-based Swissrisk Financial Systems (Swissrisk).

Mumbai-listed Dion Global (BSE: 526927) provides technology solutions and services to over 660 financial institutions in more than 62 countries across Asia Pacific, Europe, North America and the Middle East covering portfolio management, trading, settlement, risk management, analytics, treasury and research services.

Swissrisk is an established European banking software specialist focussing on the payments, securities and funds industry with its headquarters in Frankfurt and offices in London, Luxembourg and Madrid.

Together, Swissrisk and Dion Global will be able to continue to expand their FinTech offerings to reach wider markets and offer clients a greater range of full integrated solutions. The acquisition will also enable Dion Global to use Swissrisk’s workflow and messaging engine, X-Gen to integrate seamlessly Dion Global’s products both internally and externally with clients’ internal systems, thus facilitating true straight-through processing (STP) across the entire spectrum of buy and sell side operations.

Joe Nash, M&A director for Dion Global, said

"This strategic partnership with Swissrisk further strengthens our geographical footprint and complements our product suite following our recent acquisition of Investmaster. We chose Osborne Clarke as our international transaction counsel as they brought together FinTech and cross-border M&A domain experience and expertise. We were delighted to close this complex and strategic transaction successfully and with the service Thomas and the OC team delivered – we look forward to working together soon."

The Osborne Clarke team was led by Thomas Colmer and included Nicolas Gabrysch, Rouven Siegemund and Tracey Wright.

Osborne Clarke has recently been ranked 5^th (by Experian Corpfin) and 10th (by Mergermarket) in their latest UK deals table (by volume) and top 50 for small and mid-cap European M&A (by Thompson Reuters).