Objectway announced the planned acquisition of SLIB, another key step in the capital markets expansion strategy across Europe. The planned transaction strengthens Objectway’s position in the capital markets and extends its presence in France. The move also reinforces the company’s long-term pan-European growth ambitions and extends its financial technology portfolio.
Objectway has announced that it is in exclusive negotiations with BNP Paribas and Natixis. The negotiations allow Objectway to acquire its entire stake in SLIB (Services Logiciels d’Intégration Boursière). SLIB is known for developing specialized software solutions for capital markets industry.
The proposed transaction is subject to customary closing conditions. These include obtaining regulatory approvals and employee consultative procedures. The acquisition is expected to close on or before December 31, 2026 if all closing conditions are met.
The acquisition will considerably increase Objectway’s presence in Europe. France will also be another important financial hub in the company’s expanding regional network. Objectway has a strong presence in Italy, Germany, Switzerland, the Benelux countries and the United Kingdom.
The deal also diversifies Objectway’s offering outside wealth management, private banking and asset management. It will also gain advanced capital markets capabilities that will enable the company to provide broader end-to-end investment services to financial institutions.
Objectway technology and client base boosted by SLIB
SLIB, born in 1988 from the Lyon Stock Exchange’s IT department, is today a trusted technology supplier for the capital markets. With more than three decades of deep expertise, the company has approximately 30 major customers. Today, it has more than 140 professionals working from offices in Paris, Lyon and Lisbon.
SLIB offers FinTech and RegTech solutions for securities processing, retail brokerage, risk management, clearing, settlement and trading operations. Additionally, the company provides professional consulting and implementation services to help clients deploy, manage and continuously improve their technology environments.
The deal also expands Objectway’s customer base. In this regard the company will develop its relationships with leading European asset servicers, broker dealers and banking institutions. It will also strengthen existing partnerships with common clients such as BNP Paribas.
Objectway’s platform today supports financial institutions throughout the lifecycle of investment services. Its solutions include client lifecycle management, advisory services, portfolio management, core banking, securities back-office ops, fund administration. The planned acquisition thus will add these capabilities to the trading and execution layer of capital markets.
Leadership stresses long term strategic vision
The deal also broadens Objectway’s operational footprint in France. It also increases the company’s footprint on the Iberian Peninsula through SLIB’s existing office in Lisbon. Such developments also create new opportunities for strategic partnerships between the leading European financial centres.
“The financial services industry has entered a phase where growth depends on the ability to combine innovation with scalability. Institutions are seeking partners that not only modernise technology and operations but also orchestrate business capabilities enabling them to scale. This acquisition project reflects our long-term strategy to broaden our expertise, strengthen our pan-European presence and help clients navigate increasing complexity while creating the foundations for sustainable growth,” said Luigi Marciano, Founder and Group CEO of Objectway. “The true value of an acquisition lies in the successful combination of people, expertise and shared ambitions. Our focus is on creating one integrated team that builds on the strengths of both organisations to provide continuity for existing clients and preserve the trusted relationships established over the years.”
Following completion, Alain Pochet, Chairman of SLIB, and Philippe Ruault, CEO of SLIB, will remain with the business. Together, they will support operational continuity for employees, customers, and partners while leading the company’s integration into Objectway.
“This transaction project opens a new chapter for SLIB, giving us the scale and resources of a pan-European platform while preserving what has made us a trusted partner for our clients for over 30 years. Objectway shares our commitment to long-term relationships and technical excellence, and I am confident this combination will accelerate our growth ambitions,” said Alain Pochet, Chairman of SLIB.
“Joining Objectway is a natural next step for SLIB. It allows us to offer our clients an even broader range of capabilities while keeping the same team, the same expertise and the same level of proximity they have always relied on. I look forward to continuing to lead SLIB through this integration and building on the strong foundations we have established,” said Philippe Ruault, CEO of SLIB.
Objectway also confirmed that Monitor Deloitte provided business due diligence and strategic advisory services. Deloitte Italy supported financial due diligence, while Giovannelli e Associati Law in Milan and Aramis Law in Paris served as legal advisors for the proposed transaction.
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News Source: Businesswire.com
