The latest M&A deals in wealth and asset management.

Objectway, DSW
The Europe-based wealth and asset management software firm Objectway has bought Die Software Peter Fitzon GmbH (DSW), a German provider of core banking solutions.

As a result of acquiring DSW, a firm created more than 35 years ago, Objectway will now serve more than 200 clients in the region, boosting revenues in excess of €100 million ($117.2 million).

Objectway, founded in 1990, said the DSW deal “creates an open, modular, end-to-end banking suite geared to support the digital transformation of private banks, retail banks, wealth and asset managers, further driving the future expansion in EMEA and globally.”

"We aim at creating a unique and complete banking suite that combines Die Software solutions with Objectway's cutting-edge technologies in digital client management, investment advisory and portfolio management, to be deployed through Business Process as a Service (BPaaS) and Software as a Service (SaaS) models. We will also promote the global expansion of Die Software solutions by taking advantage of our presence in UK, Italy, Benelux and beyond,” Luigi Marciano, founder and CEO of the Objectway Group, said.

Objectway was advised by BNP Paribas, Giovannelli e Associati studio legale, Loeschner Rechtsanwaltsgesellschaft, Accuracy, Hilex – Avvocati associati, P+P Pöllath + Partners Rechtsanwälte und Steuerberater, Flick Gocke Schaumburg, and Tax Partner AG. Die Software Peter Fitzon was advised by IPontix Corporate Finance and Witzel Erb Backu & Partner Rechtsanwälte. BNL is acting as sole lead manager and bookrunner on the associated financing.