Zurich – Private equity firm HgCapital is investing in fundinfo AG, a leading international platform for fund information and mandatory publications. HgCapital will continue to work with the existing management of Switzerland-based fundinfo AG and carry on the business together. The parties have not disclosed the size of the investment. The transaction is currently awaiting approval from the Swiss financial market authority (FINMA).
A CMS team from Germany and Switzerland headed by lead partner Dr Thomas Meyding advised the current shareholders of fundinfo AG on all legal aspects of the complex transaction, the investment by HgCapital as well as the reinvestment by the current owners in a new structure.
Established in 2005, fundinfo AG connects fund companies, distributors and investors. It is recognised by a number of financial regulators as an electronic publishing platform for mandatory documents. The service is available in Europe and Asia and is used by more than 500 clients across the asset management industry. The database comprises millions of documents available for immediate access, as well as fund data and rankings. The investment by HgCapital will enable fundinfo to continue its business expansion into new fund jurisdictions, develop its analysis products and drive forward global roll-out of the “openfunds” format for fund data standardisation.
HgCapital is a private equity investor specialising in growth areas of the TMT, services, industrial stocks and renewable energy sectors throughout Western Europe. Operating out of offices in London and Munich, HgCapital manages more than GBP 5 billion for some of the world’s largest institutional and private investors. fundinfo will be integrated into the existing network of fintech investments made by HgCapital, which is centred on Europe. These include Intelliflo (SaaS for financial advisers), Ullink (connectivity and trading software) and Sequel (insurance software and analysis tools).
Dr Thomas Meyding, Lead Partner
John Hammond, Partner
Dr Barbara Wössner, Partner
Christian Zielonka, Senior Associate, all Corporate/M&A
Roland Wutzke, Partner, Tax
Stefan Brunnschweiler, Partner, Corporate/M&A
Daniel Burkhard, Senior Associate, Corporate/M&A