Sovereign backs Acolin MBO

The firm is currently investing from its fourth-generation vehicle, which closed on £395m in August 2014 and was 59% deployed as of December 2019.

The buyout was led by the company's CEO, Daniel Haefele. In addition, it has enhanced the team further with the appointment of Mike Covell as non-executive chairman, previously a managing director at Goldman Sachs and chairman of Tilney.

Company
Established in 2006, Acolin aims to assist asset management businesses to access new markets, meet regulatory obligations and grow assets under management across multiple jurisdictions. The business represents investment funds across European markets, ensuring that all regulatory obligations are fulfilled and that fund documents are available to investors and to the relevant authorities. The business currently provides services to 600 asset managers, according to a statement.

Based in London, the business operates throughout Europe from nine locations, including Zurich, Geneva, Frankfurt and Belgrade, employing around 85 staff. 

People
Sovereign Capital Partners – Alex Hay (partner).

Advisers
Equity – Spencer House (corporate finance); A&M (financial due diligence, tax); Bär & Karrer (legal, financial due diligence); Pinsent Masons (legal); Armstrong (commercial due diligence); CG Consulting (IT due diligence); Vista (insurance due diligence).

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• Topics
• Buyouts
• UK / Ireland
• Financials
• United Kingdom
• Sovereign Capital