Cinven teams up with Objectway's Founder and Lead Executive for Expansion Opportunities
Objectway, a leading provider of digital end-to-end "Solution-as-a-Service" for wealth managers, banks, and asset managers, has secured a strategic investment from global private equity firm Cinven. This partnership aims to accelerate Objectway's expansion, enhance its platform, and broaden capabilities to strengthen its market position and support global growth.
Cinven believes that Objectway presents a compelling primary investment opportunity due to its well-established position in a structurally growing market, differentiated offering, attractive business model, multiple growth opportunities, and strong management team. The investment will provide strategic and financial support, including continued investment in technology innovation, support for future organic growth, and targeted M&A opportunities.
The financial terms of the investment have not been disclosed. However, this transaction represents the first investment from Cinven's new mid-market strategy, targeting high-growth companies in the financial and tech sectors, further emphasizing Cinven’s commitment to scaling Objectway as a category leader in digital wealth management solutions.
Objectway supports more than 250 financial institutions across more than 16 countries. The transaction is subject to regulatory approvals and other customary closing conditions.
Luigi Sbrozzi, Partner and Co-Head of the Strategic Funds at Cinven, expressed his enthusiasm for the partnership, stating, "Cinven is an excellent partner to help Luigi Marciano and the wider management team achieve their growth ambitions."
Luigi Marciano, founder of Objectway, will remain a significant shareholder and continue in his role as CEO and Chair. He expressed his confidence in the partnership, stating, "This partnership with Cinven represents a strong endorsement of Objectway’s business model and leadership, enabling the company to leverage Cinven’s expertise and resources in financial services and technology to drive organic growth, technology innovation, and targeted acquisitions."
PwC advised on tax and legal due diligence for Objectway, with Giovannelli Associati acting as the legal advisor, and Russo De Rosa Associati serving as the tax advisor. Jefferies advised Cinven on the M&A aspect of the transaction, while Freshfields served as the legal advisor, PwC provided financial advice, Alix Partners handled technology and operations, Oliver Wyman handled commercial aspects, and Deloitte handled tax and structuring. Houlihan Lokey served as the financial advisor for Objectway on the transaction, while Deloitte provided strategic consulting on the business plan, as well as financial, commercial, and technical due diligence.
The wealth management ecosystem is exhibiting consistent growth and strong demand for investment in modern technology solutions. The need to transition from fragmented legacy systems to integrated end-to-end solutions is a key trend in the industry. This strategic growth plan by Objectway will help meet these demands and position the company for continued success in the digital wealth management space.
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- This strategic investment from Cinven will bolster Objectway's business model, allowing for continued innovation in technology, future organic growth, and targeted M&A opportunities in the financial and tech sectors.
- The partnership with Cinven positions Objectway to capitalize on the growing demand for modern technology solutions in the wealth management ecosystem, transitioning from fragmented legacy systems to integrated end-to-end solutions.
