Deal Details

TrustQuay Is Acquired By Hg

Technology & Services

TrustQuay, a portfolio company of Silverfleet, acquisition by Hg

Summary

TrustQuay Limited (“TrustQuay” or the “Company”), a portfolio company of Silverfleet Capital (“Silverfleet”), has agreed to be acquired by Hg Capital (“Hg”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Silverfleet and other selling shareholders on this transaction.

About

TrustQuay is a global leader in technology for the corporate services, trust and alternative fund administration industry, offering the most functionally rich, scalable and secure front to back-office platform. Serving more than 360 customers and 26,000 users in over 30 jurisdictions, TrustQuay has 11 offices around the world, including Australia, Guernsey, Jersey, Luxembourg, Singapore and the United Kingdom. TrustQuay helps corporate services, trust and alternative fund administrators to reimagine their processes no matter where they are on their digitalisation pathway. The Company works with providers to help them consolidate data and systems onto a single digital platform, reduce regulatory burden, increase efficiencies and reduce costs through automation, and create competitive advantage via a clearly differentiated proposition for clients.

Silverfleet Capital has been a leading European mid-market private equity investor for more than 30 years building its track record across more than 120 deals, with €3.7bn of investments and €6.4bn of proceeds since 1990. Silverfleet specialises in creating value by identifying businesses within its core sectors that will benefit from selected macro growth criteria and then working with its portfolio companies to transform their growth prospects. These transformation strategies include investing to accelerate organic growth, increasing the international profile of each business, making follow-on acquisitions, and focusing on operational improvements. Silverfleet Capital’s portfolio includes companies with headquarters across the United Kingdom and Ireland, the DACH region, Benelux and the Nordics.

Hg is a platform for software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $55 billion, with an investment team of over 160 professionals, including a portfolio team of almost 50 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 45 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 80,000 employees globally, growing at over 20% per year.

Technology & Services

TrustQuay, a portfolio company of Silverfleet, acquisition by Hg