Duco
Liberty advises the management team of Duco Technology Limited on the investment by Nordic Capital
Liberty is pleased to announced they have advised the management team of Duco Technology Limited ("Duco") on the agreement by Nordic Capital to invest in the company and acquire a majority shareholding from current investors, CME Ventures, Insight Partners and Eight Roads Ventures.
We are grateful to Liberty for their best-practice advice and professional incentive structuring experience, which has helped all parties in the transaction come to a swift and very successful conclusion. This means that we are now able to focus all our attention on taking Duco to the next level.
Christian Nentwich
CEO at Duco
Founder Christian Nentwich remains as a shareholder and Chief Executive Officer.
Duco is a fast growing provider of intelligent, self-service data prep and reconciliation software to Financial Services, Insurance and FinTech companies through its mission critical cloud-native, no-code SaaS platform. Duco's mission is to "make managing data easy" by replacing spreadsheets and technology-heavy solutions in areas like data prep, reconciliation, data quality and data management with a user-friendly, machine learning-powered platform.
Headquartered in London, Duco has 140 employees in the UK, US, Singapore and Poland. Duco's software is used by 14 of the top 30 global banks, asset managers with over $10 trillion in assets, leading payments innovators, exchanges and custodians, and insurers.
Nordic Capital will utilise its experience within the Technology and Payments sector, as well as its broad network and operational resources to accelerate the transformative growth of the business. The data automation market is growing rapidly, and Nordic Capital's investment will enable the business to further increase its international footprint whilst also supporting product expansion and employee growth.
Liberty advised the management team led by Founder & CEO, Christian Nentwich, on all aspects of their rollover investments and equity incentive arrangements.
The transaction was announced on July 15 and closed on August 2, 2021.
This transaction is a great example of a founder led, high quality technology business attracting private equity investment to accelerate growth. Christian has done an incredible job in a highly attractive segment of the market and I look forward to seeing him realise his full vision for the business with the support of Nordic Capital.
Michael McDonagh
Partner
+44 (0) 7715 705 000
michael.mcdonagh@libertycf.co.uk