PCB Partners advises Bip Group on the acquisition of Riskcare to strengthen the Group’s US and UK fintech footprint.
PCB Partners, global M&A advisory firm with a focus on serving digital and consulting businesses, is pleased to announce that it has advised Bip Group on the acquisition of leading technology and financial modelling consultancy Riskcare.
Chris Laslett, CEO of Chaucer financial services strategy and consulting practice said: “We are delighted to welcome Riskcare to the Group. Riskcare is known for its high quality and sometimes robust approach in financial services as well as its commitment to its customers and people. Connected through a common vision, strategy, and culture our people, ecosystem and credentials will combine to accelerate our growth in this market extending our reach to bring world-class trading and risk technology services to our clients worldwide.”
Riskcare, founded in 1994, provides innovative trading and risk professional services to capital markets clients – on the buy and sell sides in addition to commodities, insurance, and retail banking. With a focus on business innovation and regulatory change projects, Riskcare draws on its extensive experience across the disciplines of combined financial, software and business process engineering, particularly cloud engineering, model development and management, AI / ML / algorithmic modelling to drive improvements in the capital markets.
Brett Newland, Managing Partner at PCB Partners said: “It was a pleasure working with both the Bip Group and Riskcare team. The disruption of the financial services industry is accelerating creating increasing demands on service providers to help clients navigate the transformation. We see Bip as being a leading partner for this bolstered by the Riskcare team.”
Headquartered in Milan, Bip is one of the fastest-growing European consulting firms providing digital transformation, technology, and strategy solutions to the many of the world’s largest organisations across energy, life sciences, telecoms, financial services, and insurance. Bip, including Chaucer and Riskcare, today employs over 4,000 people worldwide generating over €400 million in revenue annually.