Craven Street Capital has acted as sole corporate finance adviser to the shareholders of AdviserAsset Limited (“AdviserAsset”), on its sale to FE fundinfo Group (“FE fundinfo”), a portfolio company of Hg Capital (“Hg”).
Colin Turton, Founder of AdviserAsset said “Craven Street Capital was pivotal to the successful completion of this transaction, bringing a mix of profound sector understanding with focus, foresight and proactivity. It has been an absolute pleasure to work with such a talented team. AdviserAsset is now safely in the hands of an organisation that I believe has a great fit with what I have built over the past 15 years, and with the potential to turbo-charge growth into the future. Most importantly, I believe advisers will benefit hugely from this well-matched acquisition.”
AdviserAsset is a multi-award winning platform and product selection tool provider. The tools have been developed of the past 15 years and have many unique features including the ability to aggregate client assets together when undertaking switch analysis.
FE fundinfo is a leading financial data company connecting the asset management industry to wealth management networks in the UK, Europe and Asia Pacific. Through data and intelligence, it empowers the investment management industry to drive asset growth, operational efficiency and risk management, facilitating faster and global market entry via preferred distribution channels.
FE fundinfo is a portfolio company of Hg, a leading growth-oriented private equity investor in global technology businesses with c.$ 65 billion funds under management.