Catalyst has congratulated their client and leading global investor services firm SGG Group on the successful acquisition of Augentius, a leading global provider of investment solutions to the private equity and real estate industry. The transaction, which is subject to regulatory approval, reinforces SGG’s position as the 4th leading investor services firm in the world, with the deal growing its assets under administration to over USD 400 billion.
Operating as Knadel, Catalyst leveraged its 20-year track record in the fund administration/accounting space to provide pre-sale due diligence on the Augentius global operations and systems including the impact on the future state operating model across the combined SGG/Augentius business.
Catalyst partner Paul Bratch comments
“This project was part of a highly complex significant transaction requiring detailed due diligence analysis across dispersed geographies to validate the core operational/systems claims including the associated financial impacts.
We provided SGG with strategic advice regarding the feasibility of a new operating model that will need to incorporate multiple existing SGG businesses while retaining the necessary local closeness to end-clients. Working under considerable time pressure, we delivered a solution that ensured the all-important detailed level of due diligence was achieved to ensure the transaction could proceed with clarity of understanding while realising considerable cost-savings for the client.
Perhaps the biggest testament to our impact is that SGG Group continue to be very important Catalyst clients, with follow-on engagements across the combined group.”
Justin Partington, group fund solutions leader at SGG Group comments:
“Catalyst accompanied us all the way since the beginning of this transaction. They displayed sound experience and thorough understanding of the fund administration segment and its systems and processes. We enjoyed working with them and take the opportunity to thank them for their contribution in this transformation acquisition for our Group.”
Notes to Editors
- This work was originally completed by the Catalyst Jersey team, working under the Knadel asset and wealth management brand. Knadel was acquired by Catalyst in February 2018, following investment from Livingbridge Private Equity in October 2017.
- Catalyst is fast-becoming the leading independent consulting firm specialising exclusively in financial services. The firm is experiencing a period of record growth including opening its first nearshore base in Lithuania in May 2018 and launching Catalyst Jersey in June 2018.
- The full SGG version of this story is here.
- Read this story in Managers of Wealth
Note: This news article was first published by Catalyst prior to the Sionic merger