London – Bridgepoint and Astorg, two leading private‑equity firms, are reportedly considering a sale of Irish fintech Fenergo that could fetch more than £2 billion, according to three sources familiar with the matter.
The firms have begun informal talks with potential buyers and plan to hire an investment bank later this year to manage the process. A formal sales process could be launched in early 2027, though a final decision has not yet been made.
Why Fenergo is attracting interest
Fenergo supplies software that helps over 300 of the world’s largest banks and insurers meet regulatory requirements, manage client onboarding, conduct know‑your‑customer checks and handle data management. The company’s recent focus on artificial‑intelligence tools, including an agentic AI orchestration platform for automating onboarding and periodic reviews, adds to its appeal for information‑services firms and exchange operators.
Financial performance
For the year ending March 2025, Fenergo’s total revenue rose 7.5% to €149.4 million (about $170 million), driven by higher subscription revenue and client renewals. Operating profit jumped 66% to €20.9 million, underscoring the firm’s growing profitability.
Industry context
The potential deal highlights a resurgence in technology‑sector dealmaking despite a recent sell‑off in software stocks. Other private‑equity firms are also active: Thoma Bravo is exploring a sale of Foundation Software, Vista Equity is weighing a sale of banking‑software provider Finastra, and Waystar is considering options for its healthcare‑software business.
Bridgepoint and Astorg acquired Fenergo from Insight Partners in 2021 for an undisclosed sum. Both firms declined to comment on the possible sale, and Dublin‑based Fenergo did not respond to a request for comment.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
