Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has just announced that it has acquired ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets.
The addition of ClearStructure’s private debt capabilities will create a differentiated solution in the market and enable Broadridge to serve new clients.
ClearStructure’s component services enhance our existing multi-asset class, front-to-back office solution, providing our clients with a unique capability to access the public and private markets,” commented Eric Bernstein, Broadridge’s head of asset management solutions. “This acquisition aligns to Broadridge’s strategy of providing a true cross-asset platform to enable asset management clients to have a single view into their entire book of business.
We’re delighted to join Broadridge and to offer expanded portfolio management technology to create optimum investment workflow efficiency for portfolio managers, investment analysts, risk professionals, and operations teams,” said ClearStructure CEO Scott Turley.
Jefferies LLC acted as the exclusive financial advisor to Broadridge. Marlin & Associates acted as the exclusive strategic and financial advisor to ClearStructure Financial Technology. Terms of the transaction were not disclosed.