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).
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.
A CMS team from Germany and Switzerland headed by lead partner Dr Thomas Meyding (picture) 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.
The CMS team also comprised in Germany John Hammond, Partner, Dr Barbara Wössner, Partner, Christian Zielonka, Senior Associate (all Corporate/M&A) and Roland Wutzke, Partner (Tax).
In Switzerland acted Stefan Brunnschweiler, Partner, and Daniel Burkhard, Senior Associate (both Corporate/M&A).
Involved fees earner: Stefan Brunnschweiler – CMS von Erlach Poncet AG; Daniel Burkhard – CMS von Erlach Poncet AG; Thomas Meyding – CMS Hasche Sigle; John Hammond – CMS Hasche Sigle; Barbara Wössner – CMS Hasche Sigle; Christian Zielonka – CMS Hasche Sigle;