Stellex Capital Management, a middle-market private equity firm, has bought G2 Web Services Inc., Lundquist Consulting Inc. and Fintellix India Private Ltd., from TransUnion.
G2 is a provider of merchant onboarding and monitoring services. Lundquist Consulting delivers bankruptcy and consumer behavioral data, among other services, to automate processes in the bankruptcy life cycle. Fintellix is a digital and regulatory services company for the banking and financial services industry in several countries. The platform is focused on deploying data-driven services to provide risk, fraud mitigation and regulatory compliance services to their global clients within the financial and digital commerce sectors. An affiliate of Stellex will be investing in the platform’s people, technology and products with the goal of improving its value proposition to customers. Stellex also named Brian Longe as chief executive officer of the newly formed platform.
“We are excited about the acquisition of the Platform which together will form Stellex’s data-centric digital risk and compliance platform,” states Irina Krasik, managing director at Stellex. “We believe these businesses are well poised for growth as they already hold commanding positions in their sectors and we will look to invest in their capabilities organically and through mergers and acquisitions.”
DLA Piper acted as legal counsel to Stellex.