Code & Co.

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Engagement — Add-on Due Diligence

Code & Co. provides Tech & Product Due Diligence to ACTICO ahead of its acquisition of a majority stake in Fact

Increased regulation and compliance obligations in the finance and insurance industries mean businesses are actively seeking support from third party software providers that can automate complex reporting and regulatory processes. ACTICO GmbH (ACTICO), since March 2021 part of the Bregal Unternehmerkapital (BU) portfolio, and Fact Informationssysteme (Fact) are leaders in this field and have combined forces to form the ACTICO Group.

Intelligent decision automation technology leader ACTICO has acquired Fact, a provider of reporting, investment management and business processes software to institutional investors. Backed by funds advised by BU, ACTICO’s acquisition marks the formation of the ACTICO Group, which plans to add further RegTech companies with the goal of building a regulatory champion. Both companies will continue to operate independently.

Fact supplies high-quality multi-asset investment management solutions to financial institutions. Its clients include insurance companies, asset managers, funds, pension funds, foundations and banks.

ACTICO’s products leverage intelligent technologies to help its clients automate day-to-day decision making. Its platform allows companies operating in a range of sectors to make faster, smarter decisions by combining human knowledge with AI.

“We’re excited by the potential this partnership has to create a market-leading regulatory and compliance software group in the DACH region and beyond. The complementary offerings of ACTICO and Fact form a strong foundation on which the ACTICO Group can build on,” says Dan Bender, co-founder of Code & Co.

Scope of work

Code & Co. provided Tech & Product Due Diligence to ACTICO ahead of its acquisition of Fact, assessing the company’s product offerings, technology stack, and engineering team. Code & Co. also assessed Fact’s roadmap for product expansion and its ambitious, evolutionary cloud transition.

Supporting ACTICO in this acquisition underlines Code & Co.’s position as a leading Technology and Product Due Diligence provider on financial services software mandates.

About Fact Informationssysteme

Fact GmbH is a digital uncomplicator, simplifying complex processes in the financial services sector through digitization and automation. Its products help institutional investors with reporting and investment management at every stage of the investment process. Since 1996 it has been successfully developing digital solutions to simplify and optimize complex processes in the financial sector.

About Actico

ACTICO GmbH is a leading international provider of software for intelligent automation and digital decision making across industries including financial services, manufacturing, and healthcare. For more than 20 years its solutions have brought together human expertise and artificial intelligence to manage risks, fulfill regulatory compliance obligations, prevent fraud, enhance digital customer engagement and optimize operations.

About Bregal Unternehmerkapital

BU is part of a family-owned business that has grown over several generations. Funds advised by BU invest in European mid-sized companies across a wide range of sectors with a focus on market leaders and “hidden champions” with strong management teams and outbreak potential. With patient capital, entrepreneurial expertise and a partnership approach, our team works with entrepreneurs to develop, internationalize, and digitalize portfolio companies, and to help them generate sustainable value on a responsible basis.

As part of its comprehensive commitment to ESG, Bregal also supports existing portfolio companies with loans at attractive terms to finance sustainability investments provided by Bregal’s dedicated EUR 40 million Sustainable Development Fund and, in 2020, with grants for charitable projects to contribute to portfolio companies’ pandemic responses provided by Bregal’s EUR 3 million COVID-19 relief fund. Furthermore, in 2021, Bregal and its portfolio companies committed to ambitious science-based climate targets for 2030 as part of its commitment to decarbonize its portfolio and achieve net zero.

About Code & Co.

Code & Co. is an independent advisory firm that specializes in providing modern, actionable Tech & Product Due Diligence for the global alternative investment industry. Our expertise uncovers risks that threaten asset value and opportunities to accelerate growth.