Preqin, an alternative investment industry data provider, has bought a controlling stake in Baxon Solutions, a UK-based provider of cloud-based monitoring solutions for the private equity sector for an undisclosed sum.

The latest acquisition comes after the two firms formed a strategic partnership in January 2015.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Preqin said the deal will initially focus on further development of Baxon’s portfolio management and investor reporting platform, and expansion into other geographies.

Baxon founders- Jorge Hanson and Paula Espana- will continue to hold a minority holding in the firm after deal completion.

Preqin CEO Mark O’Hare said: “The private equity industry is facing a period of increasing reporting and regulator challenges, and Baxon’s platform is ideally placed to help fund managers in navigating them.” 

London-based Baxon was set up in 2005. Baxon PCMS delivered a tailored platform to offer automated solutions to clients for carrying out a range of front and middle office activities, including monitoring, analysing, benchmarking and reporting on portfolio company and fund performance.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Baxon has a tremendous reputation with its growing customer base, and delivers services of real and enduring value to private equity GPs and their LPs in valuing and monitoring their portfolio companies. Preqin is thrilled to be working with founders Jorge and Paula to further expand the service, and will be making significant further investments in growing the platform and developing the service for the benefit of its customers,” O’Hare added.