Alpha FMC, plc, a UK-AIM listed company, has acquired Lionpoint Group, a global technology enablement and operations advisory firm.
“Lionpoint is a fantastic addition to Alpha and closely aligns with our strategy to grow our capabilities in the rapidly growing alternative investment space and our footprint in North America,” said Alpha global chief executive officer Euan Fraser. “It brings to the table a complementary blue chip client base, leading technology solutions and key vendor partnerships, and a strong global management team and culture that will help double the business in four years. We look forward to growing our businesses together.”
Under the terms of the acquisition, co-founders Nick Moore and Jonathan Balkin will continue to lead the Lionpoint team.
“We believe Lionpoint’s expansion into new geographies couldn’t have happened at a better time or with a better firm,” Moore said. “As a management team we are excited to become part of a firm whose core values align with Lionpoint’s and underpin a culture of innovation.”
Balkin added, “This partnership is in direct alignment with the changes we’re seeing in the industry. Our capabilities are expanding to help alternative investment managers stay ahead of rapid industry changes and uncover new opportunities by providing specialized strategy, operations and technology expertise. Together, Alpha and Lionpoint can provide more comprehensive and innovative data and technology solutions as the marketplace shifts to a multi-strategy approach to asset management.”
Reed Smith LLP served as legal advisor and Equiteq as investment banker to Lionpoint Holdings throughout the transaction.