FE fundinfo, a Luxembourg-based financial data company that connects the asset management industry to distribution networks across the UK, Europe, and Asia Pacific, has announced its acquisition of Dericon, a fintech firm based in Frankfurt. Financial details were not disclosed.
This move, still subject to regulatory approval, significantly enhances FE fundinfo’s capabilities in Germany and supports its European expansion. The deal follows the acquisition of Paris-based Adjuto last September. Earlier last year it bought French data firm Funds360 from Euronext.
Dericon has developed a comprehensive distribution network for financial products, serving over 150 “Sparkassen” banks and global investment houses through its web-based solution, Dericon WMS. This platform supports the structuring of financial products in compliance with regulatory obligations in Germany and the EU, enabling better client service.
“FE fundinfo is on a mission to further its position as a long-term strategic partner to the investment management community,” said Liam Healy, CEO fundinfo, in a statement. “The team at Dericon has built a solid business, and through our partnership we further bolster our commitment and capabilities in Germany by more clearly connecting investment product information to distributors such as banks and savings banks for our mutual and future clients.”
Access to Sparkassen network
The acquisition will give FE fundinfo’s clients direct access to one of Germany’s largest distribution channels, particularly via the Sparkassen Group, a network of public banks with 50 million customers. This connection positions FE fundinfo as a key partner for fund managers aiming to link investment product information with major distribution channels in Europe and the UK.
FE fundinfo plans to continue its growth in the German market through further strategic investments and product innovations, supporting both domestic and international clients in the Germany-Austria-Switzerland region. This acquisition aligns with FE fundinfo’s mission to support the entire fund management product lifecycle, providing accurate and timely information to asset managers, issuers of structured products, and distribution networks.