Waystone completes investment from Montagu and announces new strategic investment from Hg

24.01.2022

Montagu and Hg will become co-controlling investors, supporting Waystone to further scale its global platform for fund governance solutions

Waystone Group, a leading provider of institutional governance, risk, and compliance services to the asset management industry, today announce that Montagu, a leading private equity firm, has completed its investment in Waystone, and Hg, a leading global software and services investor, will join as a strategic investor and joint shareholder. Montagu first announced its investment in Waystone in July 2021. Hg’s investment 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 and Hg will partner with the company’s strong management team, led by CEO Derek Delaney, to continue to grow and complement Waystone’s existing service offering while supporting further geographic and product expansion through targeted acquisitions.

Hg will join Montagu and the management team as key shareholders. This will support our growth as an institutional, global service provider, paving the way for further expansion in 2022,” said Derek Delaney, Global CEO at Waystone.

This will support our growth as an institutional, global service provider, paving the way for further expansion in 2022.

Derek Delaney, Global CEO, Waystone

“As a long-established investor in the space, we recognise the growth opportunity for fund services, and specifically a third-party management company with Waystone’s global reach and competitive strength. We look forward to working with Waystone’s strong management team to meet the future needs of its clients,” said Tobias Weltin, Director at Montagu.

As a long-established investor in the space, we recognise the growth opportunity for fund services, and specifically a third-party management company with Waystone’s global reach and competitive strength.

Tobias Weltin, Director, Montagu

“We’re impressed with what Derek and his team have achieved over the last decade. Hg knows the sector well, having invested around $4.5 billion into legal & compliance and the capital markets segments to date. This experience means that we know quality when we see it, and Waystone stands out as a leading platform for consolidation in this sector,” said Thorsten Toepfer, Partner at Hg.

We’re impressed with what Derek and his team have achieved over the last decade. Hg knows the sector well, having invested around $4.5 billion into legal & compliance and the capital markets segments to date.

Thorsten Toepfer, Partner, Hg