Belgian fintech RiskConcile has acquired London-based fund fee data specialist Fitz Partners to drive its European buy-and-build strategy.
This is its first international buy-and-build move since partnering with Main Capital Partners in June 2024.
RiskConcile, based in Belgium, develops cloud-based regulatory reporting and risk calculation software that supports asset managers, fund managers and service providers in meeting regulatory requirements and managing client risk.
By integrating Fitz Partners’ proprietary fund fee data with RiskConcile’s reporting and risk-calculation capabilities, the group aims to deliver a solution for asset managers facing compliance burdens and competitive pressures.
“High‑quality fund data has become a critical foundation for both compliance and competitive advantage, enabling deeper insights and faster responses to evolving investor and regulatory demands,” stated the provider.
Jan De Spiegeleer, co-founder & CEO of RiskConcile, commented: “We are delighted to welcome the Fitz Partners team to RiskConcile. Its proprietary fund fee database combined with its reporting expertise is a strong addition to our cloud-based risk and reporting platform. Together, we are uniquely positioned to help asset managers and fund management companies even better navigate an increasingly complex regulatory landscape with greater efficiency, insight and confidence.”
Fitz Partners plans to extend its fee data and board reporting to the French fund market later this year.
Hugues Gillibert, founder & CEO of Fitz Partners, said: “I am extremely pleased to have found a partner in RiskConcile that will allow Fitz Partners to continue its expansion while keeping the same culture of excellence and quality recognized across our industry. The synergies between our two firms are immense, and we are looking forward to providing even greater support and market intelligence solutions to our UK and cross-border clients. We are also expecting many more years of growth and success with a new focus on local fund domiciles.”
Jorn de Ruijter, investment director at Main Capital Partners and chairman of the board of directors at RiskConcile, added: “The acquisition of Fitz Partners represents a major step towards building a pan‑European leader in regulatory technology for the fund industry and perfectly aligns with our strategy to build market‑leading software groups. Through this collaboration, we create a stronger and more comprehensive organization that is able to deliver greater value to asset managers and fund management companies. It also reinforces Main’s ability to source and execute cross‑border transactions in strategic markets such as the UK, where we see significant opportunities for continued growth.”