The DAK Group, a number one funding financial institution specializing in center market mergers and acquisitions, pronounces the sale of Koger, Inc’s. belongings. Koger is a worldwide monetary providers software program firm headquartered in Paramus, NJ. Koger’s belongings had been acquired by HWM Group of Dublin, Eire, a premier investor providers and regulatory options supplier to various and retail fund directors.
The DAK Group was chosen to promote the corporate’s belongings, serving because the unique funding banker and monetary advisor, initiating and managing the transaction course of on behalf of court docket appointed fiduciary, Charles Forman. The mixed enterprise will create the world’s foremost fund administration software program options supplier.
“HWM’s acquisition of KOGER’s belongings creates the market chief in fund administration software program. By combining right into a single platform, the brand new entity will be capable of provide a set of extremely complementary options with deeper performance to its world, blue-chip buyer base.” said Melvyn Threatt-Peters II, Vice President at The DAK Group.
Lovell Minnick Companions, LLC, a personal fairness agency centered on investments in monetary providers, monetary know-how and associated enterprise providers, funded the KOGER acquisition.
The mixed HWM Group will proceed to help KOGER’s purchasers’ current methods and know-how rollout commitments to stop any disruption to service and protect purchasers’ investments. The HWM and, KOGER administration groups will work intently collectively to combine the corporate over time and increase its know-how capabilities to maximise worth for patrons.
About The DAK Group
The DAK Group is a number one funding financial institution serving center market privately held companies within the areas of mergers and acquisitions, enterprise sale, monetary restructuring, chapter, capital advisory, valuations and equity opinions. Since 1984, The DAK Group has executed a whole lot of transactions throughout a variety of industries. The DAK Group is headquartered in Rochelle Park, NJ.
KOGER Inc. is a worldwide monetary providers know-how firm, offering investor providers, compliance and enterprise course of administration software program to a number of the world’s largest monetary companies since 1994. KOGER works with fund service suppliers and world asset managers, together with hedge funds, non-public fairness funds, retail funds and pension funds. The corporate’s product suite automates switch company processes and administration; Know Your Buyer (KYC) and Buyer Lifecycle Administration (CLM); and enterprise course of administration. KOGER has places of work within the US, Eire and Slovakia.
About HWM Group
HWM is a devoted investor servicing and compliance options supplier, providing cutting-edge software program and associated consulting providers to various and retail fund directors. Based in 2006, HWM is headquartered in Dublin, Eire, with places of work within the Cayman Islands and Slovakia. HWM’s extremely skilled staff of certified accountants, enterprise analysts and software program engineers have developed a versatile investor servicing resolution capable of help offshore and onshore hedge funds, partnerships, non-public fairness autos, pension schemes and retail funds. ManTra, HWM’s flagship product, is utilized by main world banks and specialist hedge fund and personal fairness fund directors throughout 14 nations.
About Lovell Minnick Companions
Lovell Minnick Companions is a personal fairness agency centered on investments in monetary providers, monetary know-how and associated enterprise providers. The agency companions with excellent administration groups to assist develop their corporations and construct worth for traders via a mixture of driving progress initiatives, strategic exercise and operational enhancements.
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