Transaction underscores team's ability to run efficient sale process and maximize value for all parties
WOODCLIFF LAKE, N.J., Nov. 5, 2024 /PRNewswire-PRWeb/ -- PKF Investment Banking, the investment banking affiliate and subsidiary of PKF O'Connor Davies Advisory LLC, announced today that it represented Kynex in the sale of its business to Numerix.
"We are pleased to have acted as exclusive financial advisors to the Arcot family on this momentous transaction," said Robert Murphy, Senior Managing Director at PKF Investment Banking. "Our team succeeded in managing an efficient, global auction process, closing the transaction only 30 days after the letter of intent was signed. In the process, we achieved the family's primary objective and identified the ideal steward to ensure Kynex's future growth while maintaining the company's longstanding commitment to its clients and employees."
Kynex is a market-leading, integrated financial platform providing valuations and analytics for convertible securities, portfolio and risk management for multi-strategy portfolios, and trade flow and order management. The platform's customizable framework provides users with insight into the composition and distribution of global convertible securities markets, powerful analytical tools, and proprietary financial calculations. Its established client base is comprised of the most respected names in the financial industry, including investment banks, asset managers, hedge funds, broker-dealers and risk managers.
Headquartered in New York City and founded in 1996, Numerix is a leading financial technology provider whose expertise, analytics and software are redefining pricing and risk management in markets. The company's offices in major financial centers around the world enable Numerix to offer localized support and services to its diverse client base while drawing on global insights, innovations and industry thought leaders. The capabilities of the Kynex platform align seamlessly with Numerix's suite of Front-to-Risk solutions.
"The team at PKF Investment Banking achieved all of our family's objectives and always had our best interests at heart," said Ravi Arcot, Managing Director of Kynex. "They streamlined the entire transaction process, swiftly closing the deal with the best possible buyer only five months into our engagement. We are thrilled to be joining Numerix, and we look forward to continued growth and prosperity together."
About PKF Investment Banking
PKF O'Connor Davies Capital LLC (DBA PKF Investment Banking) is a subsidiary and investment banking affiliate of PKF O'Connor Davies Advisory LLC. Whether a business owner is ready to sell the company or seeking growth through acquisition, our investment banking team is committed and credentialed to help owners achieve their objectives. PKF Investment Banking provides guidance through every step of the process and brings the expertise to enhance certainty to close – while always staying focused on maximizing the value derived from the transaction.
With deep expertise in and a dedicated focus on the lower middle market, the PKF Investment Banking team has completed over 300 M&A engagements in North America and abroad throughout their careers. The firm has extensive experience partnering with business owners across a broad range of industries, encompassing business and professional services, consumer and food & beverage, distribution, diversified industrials and software/IT services among others. For more information, visit http://www.pkfib.com.
Securities-related transactions are processed through an unaffiliated broker-dealer, Burch & Company, Inc.
About PKF O'Connor Davies
PKF O'Connor Davies is a top-tier accounting, tax and advisory practice with a long history of serving domestic and international clients. "Know Greater Value" speaks to the confidence and guidance that our clients realize when they work with us. It reinforces our commitment to delivering the highest levels of value, expertise and service in everything we do. Our clients Know Greater Connections, Know Greater Insights and Know Greater Value. "PKF O'Connor Davies" is the brand name under which PKF O'Connor Davies LLP and PKF O'Connor Davies Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. PKF O'Connor Davies LLP is a licensed CPA firm that provides attest services and PKF O'Connor Davies Advisory LLC and its subsidiary entities provide tax and advisory services.
For more information, please visit pkfod.com, and follow us on LinkedIn and X (formerly Twitter).
Media Contact
Michelle Goyke, PKF O'Connor Davies, 914-341-7615, [email protected], https://www.pkfod.com/
SOURCE PKF O’Connor Davies
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