DAK Group, a number one funding financial institution specializing in mid-market mergers and acquisitions, declares the sale of Koger, Inc. Monetary property. Koger is a world monetary providers software program firm headquartered in Paramus, NJ. Koger’s property had been acquired by Dublin, Eire-based HWM Group, a number one supplier of investor providers and regulatory options for various and retail fund directors.
DAK Group has been chosen to promote the corporate’s property and acts because the unique funding banker and monetary advisor initiating and managing the transaction course of on behalf of court-appointed trustee Charles Forman. The mixed firm will create the world’s main supplier of fund administration software program options.
“HWM’s acquisition of HWM’s property creates the market chief in fund administration software program. By merging it right into a single platform, the brand new firm will have the ability to provide its world blue-chip buyer base quite a few extremely complementary options with deeper functionalities, ”mentioned Melvyn Threatt-Peters II, Vice President of the DAK Group.
Lovell Minnick Companions, LLC, a non-public fairness agency targeted on investing in monetary providers, monetary expertise and associated enterprise providers, funded the KOGER acquisition.
The mixed HWM group will proceed to assist KOGER’s clients ‘present techniques and expertise rollout commitments to keep away from service disruptions and shield clients’ investments. The administration groups at HWM and KOGER will work intently to combine the corporate over time and broaden its technological capabilities to maximise worth for purchasers.
In regards to the DAK group
The DAK Group is a number one funding financial institution that helps medium-sized non-public corporations within the areas of mergers and acquisitions, firm gross sales, monetary restructuring, insolvency, capital recommendation, valuations and equity opinions. Since 1984, the DAK Group has accomplished a whole lot of transactions in all kinds of industries. The DAK Group is headquartered in Rochelle Park, NJ.
KOGER Inc. is a world monetary providers expertise firm that has supplied investor providers, compliance and enterprise course of administration software program to a number of the world’s largest monetary corporations since 1994. KOGER works with fund service suppliers and world asset managers, together with hedge funds and personal fairness funds, mutual funds and pension funds. The corporate’s suite of merchandise automates the processes and administration of switch businesses; Know Your Buyer (KYC) and Buyer Lifecycle Administration (CLM); and enterprise course of administration. KOGER has places of work within the USA, Eire and Slovakia.
In regards to the HWM group
HWM is a dedicated supplier of investor providers and compliance options that gives various fund and retail fund managers with state-of-the-art software program and associated advisory providers. Based in 2006, HWM is headquartered in Dublin, Eire, with places of work within the Cayman Islands and Slovakia. HWM’s extremely skilled group of certified accountants, enterprise analysts and software program engineers has developed a versatile investor servicing resolution that may assist offshore and onshore hedge funds, partnerships, non-public fairness automobiles, pension techniques and mutual funds. ManTra, HWM’s flagship product, is utilized by main world banks and specialist hedge fund and personal fairness fund directors in 14 international locations.
About Lovell Minnick Companions
Lovell Minnick Companions is a non-public fairness agency targeted on investing in monetary providers, monetary expertise and associated enterprise providers. The corporate works with excellent administration groups to assist the expansion of its companies and create worth for traders by a mixture of development initiatives, strategic actions and operational enhancements.
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