Overview
On December 15 2008 Bravura Solutions Limited announced the completion of its acquisition of Citi’s Warsaw-based transfer agency software platform and development team, for consideration of US$21million.
Bravura also entered into an outsourcing agreement for the provision of technology services to Citi’s Securities and Fund Services (“SFS”) business in the European region.
Citi’s Global Transaction Services offer integrated cash management, trade and securities & fund services to multinational corporations, financial institutions and public sector organisations around the world.
Significance
Enables Citi’s SFS business to better meet evolving client needs related to transfer agency and distribution support.
Strengthens Bravura’s position as the largest transfer agency application provider in Europe.
Our Role
Acted as sole strategic advisers to Citi, utilising industry expertise to advise on optimal value, transaction structure and appropriate contractual terms.
