Hentsū Acquired by Portfolio BI, a Credit Suisse NEXT Investors Company
Pryor Cashman client Hentsū, a technology services company specializing in public cloud-based solutions for hedge funds and asset managers, was acquired by Portfolio BI, an investment services software and digital management company. According to a recent release:
Portfolio BI powers more than 150 hedge funds, traditional asset managers, and fund administrators with a complete front-to-back, multi-asset-class integrated portfolio and data management solution. The acquisition is a natural pairing of the two firms' complementary services and solutions. It provides immediate opportunities for Portfolio BI clients to explore several alternatives in managed cloud, security, and digital workplace solutions, with a strong emphasis on Microsoft Office 365, SharePoint, and Teams.
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"We are delighted to join Portfolio BI and to be part of the expanded offering for portfolio managers, investment analysts, risk professionals, and operations teams," said Hentsū's CEO, Marko Djukic. "As the industry's first managed service provider specializing in public cloud environments, our technology allows managers to scale up or down, pivot strategies, and adapt to changing market opportunities. This offering fits well within the vision, technology and service already offered by Portfolio BI."
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Both Portfolio BI and Hentsū are portfolio companies of Credit Suisse Asset Management's NEXT Investors, a leading Fintech growth equity group. NEXT Investors identifies growth equity investment opportunities in private technology and services companies globally where the team has domain expertise and actionable edge. The team's portfolio comprises high-growth private businesses that interact with the financial services industry across sectors including Market Structure, Financial Technology, Enterprise Software, Data Analytics and Specialty Finance.
The Pryor Cashman team was led by partner Shane Stroud, chair of the Executive Compensation, ERISA & Employee Benefits Group. The transaction was supported by partners Edward C. Normandin (Corporate) and Jeffrey C. Johnson (Intellectual Property), with additional support from counsel Matthew O. Young (Executive Compensation), and Mollie Adam (Corporate), and Taylor C. Weinstein (Tax). Pryor Cashman served as co-counsel on the deal with Taylor Wessing LLP’s London office.
Read the press release announcement in full via the link below.
