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Infront Acquisition

Infront Acquisition: Key Details, Impact, and What Comes Next

March 14, 2025

In June 2021, Inflexion, a UK-based private equity firm, completed the acquisition of Infront ASA, a leading European provider of financial market data and software solutions. This strategic move, valued at approximately $171 million, underscores Inflexion's commitment to enhancing its portfolio in the financial technology sector. The acquisition is poised to significantly impact the industry by bolstering Infront's growth and market reach.

What Is Infront?

Founded in 1988, Infront provides market data and trading software solutions. Its core offerings include advanced trading and connectivity, efficient portfolio management tools, customizable APIs and data feeds, valuation and risk services, and real-time news updates. Infront stands out in the market with its flexibility, usability, cost-effectiveness, and compliance. Additionally, the company emphasizes local partnerships and leverages over 35 years of experience in Wealth Management and Trading to deliver comprehensive solutions.

Who Acquired Infront?

Inflexion is a prominent private equity firm specializing in mid-market investments. They offer a range of services, including a Buyout Fund for majority funding, Partnership Capital for minority stakes, and an Enterprise Fund for SMEs. Inflexion invests across various sectors such as consumer, healthcare, and technology. With over £11 billion in assets under management and a history of backing over 120 businesses, Inflexion is a key player in the industry, known for its expertise in value creation and international expansion.

When Was Infront Acquired?

Inflexion completed the acquisition of Infront on June 17, 2021. This acquisition occurred during a period marked by increased private equity activity in the fintech sector. The deal, valued at approximately $171 million, reflects a broader trend of private equity firms taking public companies private to unlock growth potential. Infront's delisting from the Oslo Stock Exchange and the reinvestment by its founders underscore the strategic importance of this acquisition in the evolving financial technology landscape.

Why Was Infront Acquired?

Market Expansion: The acquisition of Infront by Inflexion significantly aids in entering new markets, particularly in the Nordic region. Inflexion plans to support Infront's management team to accelerate their M&A strategy and deliver synergies from recent acquisitions, thereby broadening their geographical reach and expanding their product offerings.

Technology Integration: Inflexion benefits from Infront's advanced financial technology solutions, which include market data, trading software, and portfolio management tools. By integrating these technologies, Inflexion can enhance its capabilities in providing comprehensive financial solutions, thereby reaching a new stage in growth and development.

Competitive Advantage: The acquisition strengthens Inflexion's position against competitors by leveraging Infront's established market presence and technological expertise. The appointment of Robert Jeanbart as Chair, with his extensive experience in the financial information sector, further bolsters Infront's leadership and operational transformation, providing a strategic edge in the market.

Acquisition Terms

  • Acquisition Price: The acquisition price was approximately $170.7 million (1.49 billion Norwegian crowns) or €170 million.
  • Payment Method: The transaction was an all-cash deal.
  • Key Conditions or Agreements:  
    • The founders of Infront, CEO Kristian Nesbak and CIO Morten Lindeman, are reinvesting a portion of their proceeds alongside Inflexion.
    • The board of Infront unanimously recommended the bid of 34.40 Norwegian crowns per share, which was later raised to NOK 40.00 per share.
    • The company will be delisted from the Oslo Stock Exchange shortly after the acquisition.
    • The investment was made through Inflexion Buyout Fund V and Supplemental Fund IV.
    • Inflexion will support Infront's management team to accelerate their M&A strategy and deliver synergies from recent acquisitions.
    • Robert Jeanbart has been appointed as Chair of the Board.

Impact on Infront

The acquisition of Infront by Inflexion has led to significant changes in the company's operations and management. Notably, Robert Jeanbart has been appointed as Chair of the Board, bringing extensive experience in the financial information sector. The company has also been delisted from the Oslo Stock Exchange, marking a shift in its operational structure. Inflexion's support is expected to accelerate Infront's M&A strategy, enhancing its growth and market reach. This strategic backing aims to deliver synergies from recent acquisitions while continuing to invest in organic growth.

Regarding product offerings and services, the acquisition allows Infront to expand its existing portfolio and geographical presence. Inflexion's investment will enable the company to focus on both organic growth and M&A activities, ensuring a broader range of financial solutions for its clients. Employee reactions have not been explicitly documented, but the strategic direction suggests a positive outlook for future growth. Customers, who rely on Infront's mission-critical services, are likely to benefit from the enhanced capabilities and expanded offerings. For founders considering business transitions, tools like Sunset can assist in managing such processes compliantly and efficiently.