SOVEREIGN EXITS ITS INVESTMENT IN BIMM – EUROPE’S LEADING PROVIDER OF CREATIVE ARTS EDUCATION Read more

  • Status: Current
  • Date: 2020
  • Sector:
    • Financial Services & Insurance

https://www.acolin.com

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ACOLIN

ACOLIN is a leading provider of regulatory and cross-border fund distribution services. Sovereign backed the MBO of the business, partnering the management team to further develop ACOLIN's client base and service offering through a strategy of organic and acquisitive growth.

Investment Background

Daniel Haefele established ACOLIN in 2006. A proven entrepreneur within the asset management industry, Daniel recognised the opportunity to create a business to help asset management businesses access new markets, meet regulatory obligations and grow AuM across multiple jurisdictions. He raised the investment required from a number of private shareholders and the business was established.

In the following years ACOLIN grew significantly to become a leading provider in the market, operating from nine locations including Zurich, Geneva, London, Frankfurt and Belgrade. During this time the cross-border fund distribution regulatory landscape had become increasingly complex and the management team wanted investment to grow the business, further enhancing its service offering. In parallel, the original shareholders were also keen to crystallise the value created in the business. In June 2020, the MBO of the business was completed.

Value Creation

  • Identified and appointed a highly experienced Non-Executive Chairman, previously a Managing Director at Goldman Sachs and Chairman of Tilney.

THE BUSINESS

ACOLIN represents investment funds across European markets, ensuring that all regulatory obligations are rigorously fulfilled and that fund documents are available to investors and to the relevant authorities. The business currently provides services to over 600 asset managers - c.14% of those active in Europe - representing some 1800 investment funds across 30 countries.

In addition, ACOLIN’s proprietary network facilitates clients’ access to a wide array of fund distribution channels across Europe, overseeing data and commission management for over €20bn of Assets under Management together with ongoing monitoring and due diligence of distribution partners.

Sovereign has backed Daniel and his management team to grow the business through strategic Buy & Build, to further develop its offering and geographic reach in this fragmented market.


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Daniel Haefele / Founder & CEO / ACOLIN

Our management team is thrilled about our partnership with Sovereign. I am personally very satisfied to have found the right partner who shares our conviction in the success of ACOLIN’s business model. With Sovereign’s investment and support, we look forward to further enhancing our offering and providing asset managers with the services they need.