Exclusive-Nordic Capital considers sale of regulatory tech firm Regnology, sources say
By Amy-Jo Crowley and Emma-Victoria Farr
LONDON/FRANKFURT (Reuters) — Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion), four people familiar with the matter told Reuters.
The private equity firm is speaking with investment banks about its options for Regnology and could launch an auction as early as the second half of this year, three of the people said, speaking on condition of anonymity. The timing of the sale process may slip into next year, the fourth person cautioned.
Regnology is expected to attract attention from exchange operators, rating agencies and information services groups as well as private equity firms, two of the people said.
Nordic Capital declined to comment. Regnology did not immediately return requests for comment.
The potential sale comes amid an uptick in deal activity in the technology sector as inflation and financing pressures ease.
Buyout firm Leonard Green & Partners last December agreed to buy a stake in Iris Software from Hg, valuing the business at about 3.15 billion pounds, while Blackstone (NYSE:BX) acquired UK-based software firm Civica for $2.5 billion.
Regnology, headquartered in Frankfurt, provides software products in areas such as tax and regulatory reporting, which are used by banks, insurance companies, supervisory authorities and other financial institutions.
Nordic Capital acquired it in 2020 from Dutch consulting firm BearingPoint for an undisclosed sum. It has since grown via acquisitions including Irish tech firm Vizor Software in 2021, Belgian regtech firm b.fine in 2022, and Paris-based Invoke Software last year.
Regnology's annual earnings before interest,
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