Waystone Group to acquire Link Fund Solutions
DUBLIN, IRELAND — Dublin-based financial services firm Waystone Group announced it has agreed to acquire British firm Link Fund Solutions (LFS).
LFS is a subsidiary of Link Group, a share registry and Business Process Services (BPS) company. LFS provides outsourced middle and back-office administration, fund accounting, financial, and custodial services.
The deal is expected to be worth up to £140 million (US$174 million) and will see approximately 600 staff globally join Waystone. This acquisition will also establish Waystone’s first office in India.
“We are delighted to be joining Waystone who are well known as a leading European fund services provider in our industry. The diversity of our client base requires significant investment in product enhancement – joining Waystone will allow us to further develop and expand our offering and invest in supporting our clients’ needs as they too continue to evolve and grow,” said LFS Chief Executive Officer Karl Midl.
Waystone recently acquired Centaur Fund Administration and T. Bailey Fund Services as part of its efforts to expand its administration offering.
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