Centaur, a provider of fund administration services, is to be acquired by Waystone Group, subject to regulatory approval.
Headquartered in Ireland and with offices in Canada, Bermuda, Cayman, Luxembourg and the US, Centaur employs more than 200 staff to provide services to more than 120 client groups around the world.
The fund services firm offers a range of independent fund administration and regulatory services, including fund accounting, fiduciary, depositary and audit services, to hedge funds, funds of funds, private equity and real estate funds, insurance-linked securities funds and institutional investors.
Waystone provides governance, risk and compliance services to the wider asset management industry, partnering with institutional investors, investment funds and asset managers.
Under the acquisition, all of Centaur’s senior team will stay with the business, while its institutional investor FTV Capital will exit the group following completion of the transaction.
Commenting on the acquisition, Ronan Daly, founding partner at Centaur, says: “As we look at the next phase of our growth, combining with Waystone is a logical next step for our business, bringing a complimentary array of services to our clients and helping us drive our future growth. We look forward to the next stage of our journey with Waystone.”
Derek Delaney, global CEO of Waystone, adds: “This deal represents a major achievement as, with Centaur, we are gaining a highly-experienced senior management team with similar culture and values, and we will also gain additional global locations including New Jersey, Bermuda and Canada."
The acquisition follows Waystone’s recent similar transactions with KB Associates and T. Bailey Fund Services.
