Financial technology firm Capitolis has announced its definitive agreement to acquire the U.S. Secured Financing Platform from 20 Gates Management. This strategic acquisition will integrate U.S. secured financing into Capitolis' Capital Marketplace, significantly expanding its client network and team. The transaction, which is poised to close in the coming weeks, marks a pivotal step in the company's North American expansion.
A Strategic Expansion into U.S. Markets
The acquisition allows Capitolis to extend its secured financing solutions, already established in Europe, to the critical U.S. market. The 20 Gates platform brings over 15 years of operational history and a robust network of prominent investors and banks. This move provides Capitolis with an immediate and substantial foothold in the region's secured financing landscape.
Gil Mandelzis, CEO and Founder of Capitolis, highlighted the long-standing partnership and the strategic importance of this expansion. He noted that U.S. secured financing capabilities are critical to their clients' needs and that the deal accelerates growth. The acquisition also brings exceptional talent and established client relationships that will enhance their market service.
Integrating Talent and Technology
A key benefit of the deal is the integration of veteran industry talent from 20 Gates Management into the Capitolis team. This influx of expertise will be crucial for seamlessly merging the platform into Capitolis' existing Capital Marketplace. The move is expected to enhance the company's ability to deliver innovative solutions across the capital markets.
From 20 Gates Management's perspective, the transaction allows for a sharpened focus on its primary operations. CEO Hans Bald expressed his respect for Capitolis' market leadership and excitement for the platform's new home. The firm will now concentrate on its core asset management business, specifically investing in private and revolving asset-backed securities.
Capitolis' Continued Growth and Momentum
This acquisition is part of a broader pattern of momentum for Capitolis, which continues to strengthen its market position. The company has recently expanded its leadership team with several key appointments across its executive and sales functions. These strategic hires underscore a commitment to scaling operations and driving further innovation in the financial technology space.
Capitolis operates with a mission to create safer and more vibrant financial markets through its advanced technology. The company is supported by world-class venture capital firms like Andreessen Horowitz and Sequoia Capital, alongside leading global banks. Its industry leadership is further validated by numerous accolades, including recognition on CNBC’s World's Top Fintech Companies list.
In conclusion, Capitolis' acquisition of 20 Gates Management's platform is a significant strategic maneuver that strengthens its global footprint. The deal not only expands its product suite into the U.S. but also enriches its team with deep industry expertise. This move solidifies Capitolis' role as a key innovator, poised to deliver enhanced value and efficiency to the capital markets.