Centerbridge & Bridgeport / CSI 2022
Centerbridge Partners & Bridgeport Partners acquired Computer Services, Inc. for $1.6B on August 22, 2022.
- Target
- Computer Services, Inc.
- Acquirer
- Centerbridge Partners & Bridgeport Partners
- Deal value
- $1.6B
- Announced
- August 22, 2022
- Sub-sector
- Regtech
Transaction overview
- Centerbridge Partners & Bridgeport Partners announced the acquisition of Computer Services, Inc. on August 22, 2022 for $1.6B.
Strategic rationale
PE acquisition of fintech/regtech provider to drive cloud migration, expand product portfolio, and accelerate growth in community banking and digital transformation.
Deal terms & multiples
Sources
- tmcnet.com /usubmit/2022/11/16/9714917.htm