Transactions
June 2021
Berwyn, PA
A portfolio company of
has received a minority equity investment from
Philadelphia, PA
Background
Archer Investment Management Solutions (“Archer”) has long been a leader in providing outsourced operations to help investment managers launch new products, streamline operations, and enter new distribution channels. They help clients innovate the middle office by providing a comprehensive end-to-end middle office platform capable of servicing the full spectrum of retail and institutional account types and a wide range of asset classes on a single technology platform using a single operations team.
M&A had been talking with Archer since it’s original owner, Bevin Crodian, managed the business. In 2014, NewSpring Capital partnered with Archer and current CEO, Bryan Dori, was appointed. From the beginnings through transition, M&A has acted as a sounding board for the team as they continued to execute and rapidly seize share of the outsourced middle office market.
M&A was hired in the fall of 2019 to find another partner to support the company as they continued along their growth curve. Our process received significant interest from strategic and financial players alike and we quickly narrowed down to just a handful of interested parties. The bid date was March 11th, 2020 – the day the market dropped double-digit percentage points on COVID-19 concerns. Buyers began to withdraw and the process was put on hold.
A year later, once the world began to stabilize, we were pleased that LLR, a seasoned fintech investor who we’ve had many dealings with, invested a significant minority stake in Archer.