Alter Domus, a Luxembourg-based supplier of end-to-end tech-enabled fund administration, personal debt, and company providers for the choice funding business, obtained an funding from Cinven at €4.9M valuation.
By way of the transaction, topic to regulatory approvals and different customary closing situations, Cinven will assist the long-term strategic development of Alter Domus, working in shut partnership with the founders of Alter Domus and Permira, who will proceed to be vital shareholders.
Led by CEO Doug Hart, Alter Domus is a supplier of tech-enabled fund administration, personal debt, and company providers for the choice funding business with greater than 5,100 staff throughout 39 workplaces globally. Solely devoted to alternate options, it provides fund administration, company providers, depositary providers, capital administration, switch pricing, domiciliation, administration firm providers, mortgage administration, company providers, commerce settlement and CLO supervisor providers.
Commenting on the information, Doug Hart stated: “With an enviable observe document of investing in fast-growing, world-class companies, we’re thrilled to welcome Cinven as an investor in Alter Domus. Cinven shares our strategic imaginative and prescient and dedication to growing long-term technology-enabled partnerships with the main alternate options companies globally by means of the supply of operational and consumer service excellence. Collectively we stay up for additional accelerating our worldwide development and delivering modern new providers to our shoppers.”
FinSMEs
04/03/2024
