Sovereign Capital Partners’ portfolio company ACOLIN, a provider of regulatory and cross-border fund distribution services, has acquired Fundbase, a digital fund distribution and data management business, from Swiss FinTech business Nectar Digital Wealth.

This is ACOLIN’s first acquisition since Sovereign backed the MBO of the business in June 2020 to further develop its client base and service offering through a strategy of organic and acquisitive growth.

Fundbase provides asset managers with access to professional investors through a digital marketing and communication portal. For investors, it delivers a sophisticated data and document management offering to track selected funds. The acquisition gives ACOLIN a first-class platform technology to better serve its clients which can also be further developed through the addition of ACOLIN’s own investor network and service offering to over 600 asset management clients.

The business now operates throughout Europe from nine locations including Zurich, Geneva, London, Frankfurt and Belgrade, employing c95 members of staff.  At the time of the MBO, Sovereign backed a highly experienced management team led by founder Daniel Haefele, a proven entrepreneur within the asset management industry. This transaction further strengthens the team with the addition of Neil Stiefel as CEO of Fundbase.

Read more/Source: Private Equity Wire