Engagement — Add-on Due Diligence
cleversoft group, in partnership with Levine Leichtman Capital Partners (LLCP), received Tech and Product Due Diligence from Code & Co. for the acquisition of tetralog systems AG, a provider of digital investment advisory solutions.
cleversoft group, a leading provider of regulatory financial services technology, announced the acquisition of tetralog systems AG, an innovative German provider of digital customer management and investment advisory solutions. The expansion of the service portfolio marks an important milestone in cleversoft’s growth strategy to become a European leader in digital compliance and advisory services for the financial services industry.
Scope of Work
Code & Co. performed Tech & Product Due Diligence for cleversoft group.
This included an assessment of tetralog’s software suite, covering its architecture, infrastructure, technical stack, cybersecurity, and open-source strategy. Additionally, Code & Co. evaluated tetralog’s product operations, support processes, and product roadmap. The R&D team was assessed, along with the underlying engineering processes and developer operations employed by tetralog.
About tetralog systems AG
tetralog systems AG is digitalizing the investment advisory process of financial institutions in Europe for more than 30 years. tetralog’s WealthTech solutions enable wealth managers to provide holistic advice based on the analysis and optimization of portfolios on single instrument level. The products and services cover the entire value chain of investment advisory, from the identification of business potential to the optimization of single portfolios, to digital advisory. Customers appreciate tetralog’s innovative power, portfolio optimization competence and reliable track record in the industry.
With renowned tier 1 banks and asset managers as clients, tetralog is one of the leading providers of professional wealth management solutions and services in Germany and Europe. With a subsidiary in Seville, Spain, tetralog strengthens its presence in Southern Europe. tetralog’s solutions are used to advise hundreds of thousands of private investors throughout Europe, making an important contribution to the democratization of private investments and pension plans.
About cleversoft group
The cleversoft group is a leading provider of cloud based RegTech services for the financial services industry. The company is headquartered in Munich and has offices in Amsterdam, The Hague, Frankfurt, Luxembourg, and Sofia. cleversoft offers cloud based RegTech services to over 1,000 financial institutions globally, aiding in the optimization of compliance-related business processes. These services range from data management and regulatory data calculation to the production of necessary documents and marketing materials in accordance with ESG/SFDR, CSRD, MIFID II, 6AMLD, Solvency II, IFRS 17, PRIIPs and IORP and more.
A special focus is the delivery of an integrated one-stop shop automated solution focused on combating financial crime, encompassing KYC, AML, and both internal and external fraud detection. This includes AI-based transaction monitoring for enhanced effectiveness.
As part of cleversoft’s commitment to compliance, we provide our customers with the necessary service updates for the respective regulation making it a distinctive feature within the industry.
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.
LLCP’s global team of dedicated investment professionals is led by 10 partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $14.4 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $9.6 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, The Hague and Frankfurt.
Code & Co. is not affiliated with LLCP, cleversoft or tetralog and no fee was paid for this announcement.