Credit Suisse Asset Management’s NEXT Investors’ Acquisition of NorthPoint Technology


Lowenstein Sandler represented ACA Compliance Group (ACA) on the deal.

Credit Suisse Asset Management’s NEXT Investors, a leading Fintech growth equity group, completed the acquisition of the NorthPoint product suite and technology consulting practice from ACA Compliance Group (ACA), a leading global provider of governance, risk, and compliance advisory services and technology solutions.

NorthPoint will be wholly-owned by a new business intelligence company, Portfolio BI. Jeremy Siegel will be appointed as CEO of Portfolio BI, effective immediately. ACA will retain its RegTech solutions, including ComplianceAlpha® and its Regulatory Reporting software, and ACA will partner with Portfolio BI to service mutual clients.

NorthPoint Solutions was founded in 2003 and acquired by ACA in 2014. The product suite includes mission-critical financial software and services to leading investment management firms. NorthPoint also offers a full suite of professional services, and has provided solutions to over 150 investment managers.

Credit Suisse Asset Management’s NEXT Investors identifies minority growth equity investment opportunities in private technology and services companies globally.

The Lowenstein deal team included Michael A. Brosse (Picture), Eric Swartz, Michael T. Melchiorre, Michael Walutes, Nicholas G. Mehler, Megan Monson, and Taryn E. Cannataro.

Involved fees earner: Michael Brosse – Lowenstein Sandler LLP; Taryn Cannataro – Lowenstein Sandler LLP; Nicholas Mehler – Lowenstein Sandler LLP; Michael Melchiorre – Lowenstein Sandler LLP; Megan Monson – Lowenstein Sandler LLP; Eric Swartz – Lowenstein Sandler LLP; Michael Walutes – Lowenstein Sandler LLP;

Law Firms: Lowenstein Sandler LLP;

Clients: ACA Compliance Group Holdings LLC;

Author: Ambrogio Visconti