Wolters Kluwer Financial Services, a comprehensive regulatory compliance and risk management business, has acquired FRSGlobal, a Brussels-based global financial regulatory reporting and risk management business, from The Carlyle Group and growth equity investor Kennet Partners. Financial terms of the deal were not disclosed.
FRSGlobal’s solutions enable international financial institutions to centralize multicountry risk and regulatory reporting, and address major financial regulatory, compliance and risk management requirements globally. This acquisition will enable Wolters Kluwer Financial Services to offer financial organizations comprehensive compliance and risk solutions that cover operational risk, compliance risk, and financial risk and reporting to meet the major risk requirements of financial companies worldwide.
