Summa buys Intix in first Fund III deal

Intix helps large financial institutions monitor transactions for money laundering, corruption and other illicit financial flows.

The deal marks the first deal from Summa's Equity Fund III, which held a final close in January 2022 at SEK 23bn (EUR 2.3bn). It expects to make 10-15 buyout deals and a similar number of growth deals with tickets of EUR 30m-EUR 200m across both.

Summa said the acquisition will help Intix accelerate growth and innovation.

Summa Capital is an ESG-focused private equity fund manager. It says Intix directly addresses the UN Sustainable Develop Goal (SDG) #16.4, to prevent illicit financial flows, and #16.5, to help reduce corruption.

Intix was founded in 2011 by Marc Braet and Wouter Van Santvliet. Angel investor and fintech entrepreneur Michel Akkermans invested EUR 1m in Intix in 2016.

The company
Intix is a Belgian fintech company whose products trace and monitor financial transaction data. Its platform makes data transparent and actionable for banks and financial institutions in payment modernisation, compliance and audit.

Its client portfolio consists of Tier 1 banks, such as KBC, Nordea, Société Générale and Standard Bank of South Africa.

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• Topics
• Buyouts
• Benelux
• Summa Equity
• Belgium