Montagu has agreed to acquire a stake in Waystone, a provider of institutional governance, risk and compliance services to the asset management industry. No financial terms were disclosed.
Montagu to acquire strategic stake in Waystone
Montagu, today announces an agreement to partner with Waystone, a leading provider of institutional governance, risk and compliance services to the asset management industry, to accelerate its global growth.
The agreement is subject to regulatory approval and customary closing conditions. Founded in 2000 and based in Dublin, Waystone serves clients with assets under management totalling more than US$1 trillion, delivering the tools and expertise to manage their governance and regulatory requirements, enabling them to focus on their core business.
It has achieved global scale through a series of carefully planned acquisitions, and today provides an extensive range of services and solutions across multiple international jurisdictions. Montagu will partner with the company’s strong management team, led by CEO Derek Delaney, to continue to grow Waystone’s existing service offering while supporting further geographic and product expansion through targeted acquisitions.
Derek Delaney, Global CEO at Waystone, commented: “As we continue to scale this business globally, our clients can now appoint a management company on the same institutional footing as their administrators and auditors. Waystone has always been responsive to its clients’ needs and that is based on the recognition that there is a desire for more than a single service management company. Our clients want a comprehensive regulatory solution across all core markets and domiciles. We have met this demand and we will continue to listen to our clients as we evolve. We look forward to partnering with Montagu, as we build on our unique solution within attractive international markets.”
Tobias Weltin, Director at Montagu, commented: “We are delighted to be partnering with Waystone in the next phase of growth for the business. Waystone has demonstrated consistent growth for over two decades, with a strong established platform and a proven ability to growth through acquisition. We look forward to working with Derek and the team to deliver their ambitions for the business.” For more information, please visit Waystone’s website: https://www.waystone.com