InsightsNews - Corporate, Banking and Finance - POSTED: July 10 2018
Brachers LLP advises DMC Capital Partners LLP on the sale of 60% of Treasury Capital Ltd to ASX-Listed EQT Holdings Limited
Brachers Corporate Team has advised DMC Capital Partners LLP (DMC) on the sale of 60% of Treasury Capital Ltd to ASX-Listed EQT Holdings Limited.
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The sale marks a successful exit from its initial equity investment for DMC. Treasury Capital Ltd is a provider of independent fund governance services to the funds management industry. ASX-listed EQT have AUD70billion in assets under administration and provide Responsible Entity services for more than 100 leading Australian and International Investment managers.
The deal between EQT and Treasury Capital Ltd is a strategic response to the increasing demand for independent services as markets rapidly globalise; it marks the first step in EQT’s plans to expand their corporate services in the UK and European Funds management industries and enables Treasury Capital to advance their ambitious growth plans with the capital backing of one of the largest players in the field.
Brachers’ Corporate team previously advised on the acquisition of Sharefunds Limited by Treasury Capital Ltd, which received private equity funding from DMC for that acquisition.
Matthew Simmonds, Corporate Partner at Brachers, said:
“It has been great to work with Mark and the team at DMC again. This transaction came together quickly and enabled DMC to successfully exit from its investment into Treasury Capital Ltd. I wish Mark and the team continued success as DMC looks to continue its investment strategy”.
Mark Goodfellow of DMC Capital Partners LLP, said:
“It’s been a pleasure to work with Matt and his team at Brachers LLP on this project. The team worked to tight deadlines to ensure that the acquisition completed quickly and within the regulatory timescales; very impressive”.
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