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Mark O'Hare, Preqin

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Preqin acquires Baxon Solutions

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Preqin has acquired Baxon Solutions, taking a controlling stake in the company with the Baxon founders maintaining a minority holding.

The two companies formed a partnership in January 2015.
 
The initial focus following the acquisition will be the further development of Baxon’s portfolio management and investor reporting platform, as well as expanding into a number of other geographic regions.
 
Preqin is a provider of data and intelligence to the alternative assets industry. Its products and services are used by more than 40,000 professionals located in over 90 countries, for a range of activities including investor relations, fundraising and marketing, and market research. Founded in 2003, Preqin is headquartered in London and has offices in New York, San Francisco, Singapore, Hong Kong and Manila.
 
Established in 2005, Baxon Solutions is a provider of cloud-based private equity monitoring tools. Baxon PCMS provides clients with a tailored platform offering automated solutions for front and middle office tasks such as monitoring, analysing, benchmarking and reporting on portfolio company and fund performance. It gives fund managers an efficient way of tracking their portfolio investments and demonstrating the progress of these to their investor base.
 
“We partnered with Preqin almost two years ago because we were impressed with their entrepreneurial spirit, broad client reach and the multiple potential synergies with our own platform. During this time, we have worked together to make those opportunities a reality, and we are now thrilled to take the relationship between our companies to the next level,” says Jorge Hansen, founder, Baxon
 
“By combining Baxon’s suite with the most comprehensive data source in the alternative assets industry, we will deliver the market’s most advanced, scalable cloud-based solution to enhance portfolio monitoring, valuation and reporting processes for the middle market. Our combined capabilities will help GPs benchmark their performance continuously and in real time, while providing more comprehensive information to their LPs,” says Paula Espana, co-founder, Baxon.
 
“We are excited to take our partnership with Baxon to the next level and fully incorporate it within the Preqin group. The private equity industry is facing a period of increasing reporting and regulator challenges, and Baxon’s platform is ideally placed to help fund managers in navigating them,” says Mark O’Hare (pictured), chief executive, Preqin. “With Preqin’s long expertise in turning raw data into meaningful insight and analysis, and its global access to investors’ expectations, we have a unique understanding of the issues involved in this task, and we look forward to helping Baxon expand further in the future.
 
“Baxon has a tremendous reputation with its growing customer base, and delivers services of real and enduring value to private equity GPs and their LPs in valuing and monitoring their portfolio companies. Preqin is thrilled to be working with founders Jorge and Paula to further expand the service, and will be making significant further investments in growing the platform and developing the service for the benefit of its customers.”

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