AGC Partners Advises FRS on Its Sale to Aquila Software

Transaction Details

AGC Partners is pleased to announce that its client, FRS, a leading provider of unit linked Investment Administration and Fund Accounting Software, has been acquired by Aquila Software, a portfolio company of Constellation. The Company is the developer of the Invest|ProTM product, a comprehensive Investment Administration Software solution for the life assurance and pensions industries. With a team of Sean Tucker and Dennis Rourke, AGC Partners acted as sole financial advisor to FRS.

AGC Partners Advises FRS on Its Sale to Aquila Software


When the FRS shareholders decided to review their strategic options for the business they had a number of criteria for selecting an investment banker. The banker had to be familiar with FRS's vertical market and with likely interested parties in both the European and North American markets. Given FRS would only get one shot at the process we also wanted the process 'partner led.' In AGC's Sean Tucker, based in London, and Dennis Rourke, based in Boston, we found two experienced and commercially savvy partners who met these criteria. Markus and Dennis provided sound advice throughout and always had our best interest at heart. I would have no hesitation recommending them to anyone considering selling their business.

Peter Caslin, CEO, FRS

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