AMSTERDAM: Wolters Kluwer Financial & Corporate Compliance (FCC) has entered into a binding agreement to sell its Finance, Risk and Regulatory Reporting (FRR) unit to Regnology Group GmbH for an enterprise value of approximately €450 million. The transaction is expected to close in the fall of 2025, pending regulatory approvals and employee consultations.
The divestment will enable FCC to focus on strengthening its footprint in U.S. banking compliance and corporate legal and compliance services, the company said in a statement Monday.
“With over 30 years of experience supporting large banks, Regnology is an excellent home for FRR as it builds out integrated regulatory and risk solutions for increasingly complex reporting needs,” said FCC CEO Lisa Nelson.
Regnology CEO Rob Mackay said the deal enhances Regnology’s capabilities and global presence. “The FRR team’s domain expertise will strengthen our service to financial institutions worldwide and accelerate our vision for unified finance, risk and regulatory reporting,” Mackay said.
In 2024, FRR generated €123 million in revenue—about 10% of FCC’s divisional total—reflecting major platform investments for Basel-related regulatory requirements. Wolters Kluwer expects to record a capital gain on completion, and decisions on the use of net after-tax proceeds will follow the deal’s closing.
Until the transaction is finalized, FRR will continue to operate as part of FCC.