Cobalt advise on sale of Risk Management Software vendor Active Risk to Sword Group Active Risk Group plc, an AIM-listed enterprise risk management software vendor has been sold to Sword Aquila Limited, a wholly owned subsidiary of Luxembourg-based Sword

30 Aug 2013

Cobalt advise on sale of Risk Management Software vendor Active Risk to Sword Group Active Risk Group plc, an AIM-listed enterprise risk management software vendor has been sold to Sword Aquila Limited, a wholly owned subsidiary of Luxembourg-based Sword Group SE (NYSE Euronext: SWP). Active Risk has offices in USA, UK and Australia, strong partnerships in the Middle East and a bluechip customer base which includes Rio Tinto, Bechtel, EADS, Eurocopter, Nestle, US Air Force, Lockheed Martin and London Underground and will be integrated into Sword’s software division. Cobalt acted as advisors to Active Risk to review the options available to them to optimise shareholder value, a process which included introducing and negotiating the final offer with Sword. Paddy MccGwire, Managing Partner at Cobalt, said “This sale to Sword demonstrates where Cobalt’s sector knowledge, international reach and M&A skills come together. Commercially this is a great strategic fit providing Active Risk with the scale it needs to fulfil its potential. And for the shareholders a good return with a 64% premium to the previous 3 months average share price.” For further information contact Paddy MccGwire [email protected] or +44 (0) 20 7659 0310