M&A Deal Summary

Waystone Acquires Centaur Fund Services

On March 30, 2022, Waystone acquired financial services company Centaur Fund Services from FTV Capital

Acquisition Highlights
  • This is Waystone’s 1st transaction in the Financial Services sector.
  • This is Waystone’s 2nd transaction in Ireland.

M&A Deal Summary

Date 2022-03-30
Target Centaur Fund Services
Sector Financial Services
Buyer(s) Waystone
Sellers(s) FTV Capital
Deal Type Add-on Acquisition

Target

Centaur Fund Services

Dublin, Ireland
Centaur Fund Services is a provider of fund administration services for alternative investment funds, including hedge funds, private equity, venture capital, credit and real estate funds, family offices, and insurance-linked securities funds. Centaur Fund Services was founded in 2009 and is based in Dublin, Ireland.

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Buyer(S) 1

Buyer

Waystone

Dublin, Ireland

Category Company
Founded 2000
Sector Business Services
DESCRIPTION

Waystone is a provider of institutional governance, risk and compliance services to the asset management industry. Waystone was founded in 2000 and is based in Dublin, Ireland.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Ireland M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 KB Associates

Dublin, Ireland

KB Associates is a professional services firm advising investment funds and asset managers. The company supports over 250 asset managers and provides extensive governance services to funds exceeding US$400bn. It has particular expertise in the establishment and operation of UCITS. KB Associates was founded in 2003 and is based in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 54 of 62
Sector: Financial Services M&A 11 of 12
Type: Add-on Acquisition M&A Deals 35 of 38
Country: Ireland M&A 1 of 1
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Finaro

Herzliya, Israel

Finaro is a cross-border payment provider empowering international commerce through brilliantly simple payments. Finarowas founded in 2007 and is based in Herzliya, Israel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 LogicSource

South Norwalk, Connecticut, United States

LogicSource is a provider of procurement services and technology solutions that helps companies increase profitability through better buying. LogicSource is based in South Norwalk, Connecticut.

Buy -