M/23/021 – Waystone Group / Link Funds Business
Transaction details
The proposed acquisition whereby Sigma LuxCo 2 SARL (together with its subsidiaries the “Waystone Group”), which is jointly controlled by funds managed by Montagu Private Equity LLP (“Montagu”) and Hg Capital LLP (“Hg”), would, through its indirect subsidiaries Sigma Irish AcquiCo Limited, Waystone Management Company (IE) Limited and Waystone Management (UK) Limited, acquire sole control of each of Link Financial Investments Limited, Link Fund Administrators (Ireland) Limited, Link Fund Administrators Limited, Link Alternative Fund Administrators Limited, and LFI (Nominees) Limited together with certain business assets and associated liabilities of Link Fund Solutions Limited and of Link Fund Manager Solutions (Ireland) Limited (together the “Link Funds Business”) has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Wednesday May 17, 2023 | Monday, June 26, 2023 |
| Parties Involved | Business activities |
|---|---|
| The Waystone Group | The Waystone Group provides services in the investment funds industry, headquartered in Ireland and with satellite offices in the UK, Bermuda, Canada, the Cayman Islands, Luxembourg, Switzerland, the USA and Asia. Sigma Irish AcquiCo Limited, Waystone Management Company (IE) Limited, and Waystone Management (UK) Limited are a part of the Waystone Group and are indirectly jointly controlled by funds managed by Montagu Private Equity LLP and Hg Capital LLP. |
| Montagu Private Equity LLP | Montagu Private Equity LLP is a private equity firm headquartered in the UK, with investments in companies across |
| Hg Capital LLP | Hg Capital LLP is a specialist private equity investor which focuses on investments in Europe and the United States and has investment offices in London, Munich, and New York. |
| Link Funds Business | The Link Funds Business provides management company services / authorised corporate director services, and fund administration services. The Link Funds Business includes, Link Financial Investments Limited, Link Fund Administrators (Ireland) Limited, Link Fund Administrators Limited, Link Alternative Fund Administrators Limited, LFI (Nominees) Limited and certain business assets of Link Fund Solutions Limited and Link Fund Manager Solutions (Ireland) Limited |
| Economic sector | Media merger |
|---|---|
| Financial and Insurance services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, June 2, 2023 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Email: MarieClaireLong@ccpc.ie Phone: 086 0851552 | Marie-Claire Long |
Media enquiries: communications@ccpc.ie
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