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Astorg and Bridgepoint acquire Irish fintech Fenergo

July 30, 2021

London – Paul Hastings LLP, a leading global law firm, has advised European private equity group, Astorg Partners, and the consortium vehicle owned 50:50 between funds advised by Astorg and international private equity group, Bridgepoint, to acquire Fenergo Group Limited  from its founder Marc Murphy, Insight Partners, existing management and other minority investors.

Fenergo, headquartered in Ireland, is a leading developer and provider of know-your-customer and client lifecycle management SaaS solutions for financial institutions including ICBC Standard Bank, Santander, Mizuho, ABN AMRO and BNP Paribas.

The Paul Hastings cross-border team was led by Alexis Terray, M&A Partner in Paris, Garrett Hayes, M&A Partner in London, with senior M&A associate David Prowse in London. The Paul Hastings team also included Camille Paulhac, competition partner in Paris, and Paris competition associate, Juliette Hua. Other advisors involved in the deal include Allen & Overy, Willkie Farr & Gallagher, William Fry and Arthur Cox.

This is one of a number of significant deals in the Irish market that Paul Hastings has advised on in the last year, including advising:

  • eir on the €300 million sale to Phoenix Tower International of Emerald Tower Limited which owns over 650 wireless towers and has agreed to also acquire newly constructed wireless towers over 8 years across Ireland through a build-to-suit programme
  • Flutter Entertainment plc in its £48 million acquisition of a majority stake in Indian gaming company Junglee Games, a premier online real money gaming company
  • Castle & Cooke as the 55% owner of Dole Foods in a deal to combine Dole Foods with Total Produce and take the combined company public on the NYSE.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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