BearingPoint buys securitization business of TXS

20 April 2023 2 min. read

Global consultancy BearingPoint has expanded its Products unit with the purchase of the securitization business from TXS, a German company specialised in refinancing solutions.

The deal will see TXS’ entire securitization business – including team members, customers and two products (Funding Management and ABSnext) – transfer to BearingPoint. Financial terms of the deal have not been disclosed.

The move is part of BearingPoint’s strategy to bolster its Products business, which provides solutions around key business processes. BearingPoint currently has 20+ different solutions within its portfolio, with the acquired business extending its line of offerings focused on financing solutions.

BearingPoint buys securitization business of TXS

“The acquisition of Funding Management and ABSnext from TXS for the securitization and refinancing market significantly extends our product suite. I am delighted to welcome the team to the BearingPoint family,” said Kiumars Hamidian, Managing Partner at BearingPoint.

“This purchase expands our position in the securitization landscape, not only in the segment for loans and leasing transactions, but also in the space outside of banking,” added Donald Wachs, Global Leader of BearingPoint’s Products business.

Non-banking clients that typically turn to securitization solutions include car rental / leasing companies, original equipment manufacturers, and heavy industry players for leases of high investment equipment. “With TXS’ securitization business on board, we will be able to address a larger customer base in this segment beyond financial services,” said Wachs.

“We see the rising ‘Equipment as a Service’ market as a driver for our existing products around equipment management and rental and leasing, with the new capabilities acquired completing the offering.”

Under the wings of BearingPoint, Funding Management and ABSnext will receive investments for further product development and growth. Meanwhile, the consulting firm sees “very promising” opportunities for synergies and expansion into new terrains.

In 2022, BearingPoint’s Products business saw its revenue jump by 25%, in part driven by the purchase of disphere tech.

The deal is BearingPoint’s fourth this year, with all three previous purchases (in France, Finland, and the United Kingdom) focused on bolstering the powerhouse Consulting division.