Good morning,
It’s PE Hub reporter Nina Lindholm bringing you the Europe edition of the Wire from the London newsroom.
As demographics and investment preferences evolve, wealth managers need modern technology to interact with customers in a modern way, according to Max Cancre, director at TA Associates. We’ll explore that this morning, as we kick things off with a deep dive into TA’s acquisition of Harvest, a Paris-based vertical software provider to the wealth management industry.
Meanwhile, PHI Industrial has acquired Teknicalde, a metal manufacturer.
Switching to health, we finish with Adelis Equity Partners investing in a chromatography columns producer.
Big ambitions
TA Associates aims to make Harvest the European leader for front-end wealth management technology, with a focus on Germany and Switzerland due to their large wealth management markets and opportunity via potential tax reforms in the UK and France, Max Cancre, director at TA, told PE Hub’s Irien Joseph.
I highly recommend reading Irien’s full story. It covers AI’s role in Harvest’s growth and a broader look at the wealth management software segment. You can find the piece here.
You can also see more in the premium version of the Wire here.
If you want a North American view, then stay tuned for the US edition of the Wire later today as reporter Obey Martin Manayiti speaks to GTCR managing director Michael Hollander about his firm’s acquisition of AssetMark, a Concord, California-based wealth management tech platform for financial advisers.
In the meantime, for more on the modernization of the wealth management industry, take a look at Obey’s story on FTV Capital’s partial exit from Docupace.
Lasering in
PHI Industrial has acquired Teknicalde, a metal manufacturer.
For more on that, check out the full Wire coverage here.
Better position
Let’s move over to life sciences. Adelis Equity Partners has invested in IonOpticks, an Australian nanoflow chromatography services provider.
You can learn more in the premium version of the Wire.
Cheers,
Nina
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