Dechert Advises Nordic Capital on its Acquisition of Data Automation Leader Duco

Dechert LLP has advised Nordic Capital on its agreement to invest in Duco Technology Limited and acquire a majority shareholding from CME Group Inc., Insight Venture Partners and Eight Roads Ventures. Nordic Capital’s established presence in the technology and payments sector, as well as its operational resources, are expected to boost Duco’s existing capabilities in response to a rapidly growing data automation market.

Headquartered in London, Duco provides cloud-based Software as a Service (SaaS) aimed at helping companies in the financial services, insurance and fintech industries manage data more efficiently by replacing complex data management procedures with a user-friendly, machine learning-powered platform. Duco’s software is used by 14 of the top 40 global banks, as well as leading asset managers, payments innovators, crypto exchanges and custodians, and insurers.

The London-based team advising Nordic Capital includes partners Ross Allardice and Mark Evans; associates Tony Brown, Jamal Tuhin, Thomas Clarke, Anthony Frost and Rose Limaye; and trainee Charles Ashie.

Dechert recently advised Nordic Capital on the €2.143 billion sale of Itiviti, a leading provider of trading technology and services to financial institutions worldwide, to NYSE listed Broadridge Financial Solutions, Inc.

About Dechert

Dechert is a leading global law firm with 23 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.