Alantra advises Univeris on a growth equity investment by TELEO Capital



Jun 2021
Sell-side advisory

San Francisco – Alantra, a leading global investment bank and asset management firm, is pleased to announce that Univeris Corporation has received an investment from TELEO Capital, a private equity firm based in Los Angeles, CA. The deal was announced on June 29, 2021 and the value was not disclosed.

Univeris is a leading Canadian wealth management software platform for mutual fund dealers, securities dealers, digital banks, wealth management firms, and insurance companies. The solution enables the digital transformation of front, middle, and back-office operations for the delivery of packaged investment products such as mutual funds and ETFs. Through unified advisor workflows, the platform serves as a practice management system of record and provides clients with a 360-degree view of investments resulting in a comprehensive solution for financial advisors in the financial services, wealth management, and insurance sectors.

“We are grateful to have had the opportunity to partner with Carmine, Richard, and the Univeris team on the journey to identify the optimal capital partner to take the business to the next level,” said Irfan Iqbal, Partner with Alantra. “Univeris pioneered the digitization of mutual fund distribution in Canada and has been at the forefront of the hybrid advisor and robo-advisor wealth management model for the mass affluent. We believe there is a large growth opportunity with innovation in this market and TELEO is the ideal partner.”

“Financial institutions and advisors will need more advanced technology to succeed in a fast-evolving Wealth Management industry,” said Carmine Tullio, President & CEO of Univeris. “With Alantra’s guidance we were able find the best fit with TELEO who will be a great catalyst to the already innovative Univeris digital platform and ecosystem. Together we will create a significant WealthTech company and help our clients grow.”

This transaction adds to Alantra’s growing momentum in the Financial Technology and Vertical SaaS. The Alantra team advising Univeris included Irfan Iqbal, Kevin Hawkins and Jon Ng.

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