Houlihan Lokey Advises Permira Advisers LLC

Houlihan Lokey is pleased to announce that Reorg Research Inc. (Reorg), a portfolio company of Permira Advisers, LLC, has acquired FinDox Inc. The transaction closed December 31, 2022.

Founded in 2013, Reorg combines powerful technology along with financial and legal analysis and reporting to provide a granular and holistic view of hard-to-find credit information. Reorg’s analytics, sourced from a variety of public and proprietary data sources, and breaking news updates on subinvestment-grade credit are mission-critical solutions that drive significant efficiencies for customers and democratize data access to complex and opaque information. Reorg has experienced rapid growth over the past decade and today serves more than 26,000 professionals across the world’s leading hedge funds, asset managers, investment banks, law firms, professional services, and advisors.

Founded in 2016, FinDox is a next-generation workflow management and data solution for financial professionals. FinDox’s platform offers a streamlined, smart way to handle confidential document aggregation, restricted list automation, and regulatory reporting for private credit markets in the U.S. and Europe. FinDox provides clean data, reporting, and document controls in one centralized location.

The announcement solidifies management’s belief in a stronger combined platform and commitment to delivering the highest-quality solution to clients. Kent Collier, Founder and CEO of Reorg, said, “Adding FinDox’s data management capability, together with its compliance management tools and ESMA reporting, will further enhance Reorg’s portfolio of data, analysis and workflow tools.”

Daniel Brenhouse and Andrew Young, Partners at Permira, commented, “Similar to Reorg, FinDox’s user-friendly solutions make data more accessible and easy to use for credit market participants. Clients love this product. This investment will bolster Reorg’s technology leadership and accelerate the company’s track record of innovation and growth.”

Houlihan Lokey served as the exclusive financial advisor to Permira. This deal represents another successful transaction in the credit information space this year, following the sale of REDD to ISI, and highlights Houlihan Lokey’s leading position as an advisor to the information services and financial technology sectors.