MCF advised IK Partners on the sale of FCG Fonder to Universal Investment Group
IK Partners has reached an agreement to sell FCG Fonder (“the Company”), a full-service fund management company and subsidiary of portfolio company Advisense, to Universal Investment Group, Europe’s leading third-party Super ManCo and fund services provider.
MCF acted as the sell-side advisor and the transaction marks yet another successful deal within MCF’s Business Services vertical.
The Deal
The acquisition of FCG Fonder accelerates Universal Investment Group’s strategy of broadening its local expertise and service offering for Nordic clients, adding a fully licensed Swedish management company with around 50 Nordic-domiciled funds across equity and fixed-income investment strategies.
The Target
FCG Fonder, a subsidiary of IK Partner’s portfolio company Advisense, is a leading Swedish provider of third-party management company (ManCo) and fund administration services with EUR 4.6 billion in assets under administration.
About IK Partners
IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than EUR 20bn of capital and invested in over 200 European companies. IK Partners supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
About Universal Investment Group
Universal Investment Group is Europe’s leading fund service platform and Super ManCo with more than EUR 1.4 trillion in assets under administration, around 5,000 fund and investment mandates and a workforce of around 1,700 based out of Frankfurt, Luxembourg, Dublin, London, Paris, Stockholm, Krakow, and Singapore. Founded in 1968, the company is an independent platform for asset managers and institutional investors offering structuring and administration solutions, as well as risk management for Alternative Investments, Securities, and Real Estate.
