Numerix, a capital markets risk management technology company and a portfolio company of Genstar Capital, has bought Fincad, an analytics company in the pricing and risk analytics of financial derivatives and fixed-income products, from Zafin.
Headquartered in Vancouver, Canada, Fincad offers pricing, modeling and risk analytics to financial institutions such as asset management firms, banks, insurance companies, hedge funds as well as over 75 alliance partners. The combination of Numerix and Fincad looks to bring together two providers of analytics for the capital markets.
“The combination with Fincad will expand Numerix’s capabilities in the complex regulatory environment and provide greater value to its clients,” comments Scott Niehaus, director at Genstar Capital. “We are committed to working with the Numerix team to identify additional opportunities to further build out the company.”
Willkie Farr & Gallagher LLP and Davies Ward Phillips & Vineberg LLP served as legal counsel and Razorhorse Capital served as financial advisor to Numerix. Scotiabank served as financial advisor and Fasken Martineau DuMoulin served as legal counsel to Zafin.