International legal practice Osborne Clarke has advised Oakley Advisory as financial adviser to Confluence Technologies, Inc. in connection with its £160 million recommended cash offer for UK AIM-quoted StatPro Group plc to be effected by means of a scheme of arrangement. Confluence was advised by K&L Gates (M&A) and Goodwin Proctor (Finance).
Confluence provides financial services data management software platforms that offer mission-critical, trusted and innovative regulatory, investor communications and performance reporting solutions to the global asset management industry. It is ultimately controlled by funds managed and advised by TA Associates.
The acquisition is expected to complete in the fourth quarter of 2019.