Montagu Acquires Waystone; Hg Joins as Strategic Investor
July 1, 2021
Montagu has completed its acquisition of Waystone, a Dublin-based provider of fund governance, risk and compliance services, with Hg joining as a strategic investor and joint shareholder. The deal — in which MML Capital Partners exited its investment — will support Waystone's further geographic and product expansion and accelerated M&A-driven growth; the transaction has been reported at around $1.3 billion. Waystone serves clients with more than US$1 trillion in AUM and will continue to be led by CEO Derek Delaney alongside the new investor group.
- Buyers
- Montagu, Hg
- Targets
- Waystone Group
- Sellers
- MML Capital Partners
- Industry
- Financial Services
- Location
- Ireland
- Transaction Type
- Buyout
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