MERGERMARKET: CAIS Eyes Buys as Large as USD $500M, Under New Investor, CEO Says
Press Release
CAIS, a New York-based alternative investment platform, is in talks with potential targets to add technology stacks, said CEO Matt Brown. CAIS would look at both bolt-on opportunities that are sub-USD 100m and transformational deals that are up to USD 500m in enterprise value, Brown said. It could use equity or debt to finance deals, depending on the profile of targets, he added.
It welcomes approaches from potential investors in future rounds, he noted. Ideal targets would bring tech that automates the workflow in the front, middle and back offices, for investment advisors and managers, Brown explained. CAIS is also interested in developers of new technology infrastructure such as those leveraging blockchain or tokenization, he added. Targets can also operate outside of the traditional alternative investment verticals, Brown said. A new area of interest, for instance, is private placement for private companies that are at a pre-IPO or earlier stage, he added.
CAIS also plans to expand its presence in the Asia Pacific through its base in Sydney and would further grow in the Middle East, Europe and Latin America, he added.
About CAIS
CAIS is the leading alternative investment platform for independent financial advisors. The CAIS platform powers the pre-trade, trade, and post-trade lifecycle of alternative investments providing financial advisors and alternative asset managers a single operating system for scale and efficiency.
CAIS serves over 2,000 wealth management firms that support more than 50,000 financial advisors who oversee approximately $6 trillion in end-client assets. Founded in 2009, CAIS is headquartered in New York City with offices in Austin and London.
CAIS continues to be recognized for its innovation and leadership including awards for Alternative Investment Firm of the Year by Wealth Solutions Report, WealthTech100 List by Fintech Global, Great Places to Work by Fortune, Best RIA Platform by SPi, Best Alternative Investments Solution by Finovate, and many others.
For more information about CAIS, please visit www.caisgroup.com.
Securities offered through CAIS Capital LLC, member FINRA, SIPC.
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