BDO has provided financial and tax due diligence services on the acquisition of Solvians by WSD, backed by Bowmark Capital.
As a structured products software provider, WSD's acquisition of Solvians, a Germany-based technology company with a focus on market data and portals for the structured products industry will create a market-leading provider of structured products software solutions with strong capabilities in document generation, workflow automation, data management, regulatory filings and web-based portals. The group will have a global presence with more than 200 employees in the United States, the United Kingdom, Germany, Switzerland and the Asia-Pacific region, and is well-positioned to serve the needs of Tier 1 investment banks globally. The transaction is an important milestone in WSD's strategy to offer its clients straight-through processing across the entire structured products value chain.