· The management and technology consultancy announces the sale of its Regulatory Technology (“RegTech”) business unit
· Nordic Capital, a leading European private equity investor, to acquire RegTech
· BearingPoint will retain a minority stake in the company
· BearingPoint will remain a strategic consulting partner for RegTech
AMSTERDAM, Nov 4 (Bernama-BUSINESS WIRE)– Management and technology consultancy BearingPoint will sell its independent Regulatory Technology (RegTech) business unit, a leading provider of software solutions for regulatory reporting to Nordic Capital, a leading private equity investor with a long history of developing technology companies and enabling and driving global growth. The transaction is a result of a strategic process to enable accelerated growth for the unit as a software company with specialized professional and managed services along the regulatory value chain.