Sovereign-backed IMS Group acquires US subsidiary

The acquisition is IMS Group's second acquisition of a US compliance company this year, following the investment in compliance software and consulting services provider HedgeOp Compliance last month.

IMS US is now a wholly owned subsidiary of IMS Group. The acquisition expands the company's product platform in the US.

Sovereign acquired a majority stake in the firm in January 2011 having committed £15m and a war chest via the Sovereign Capital Limited Partnership Fund III.

Company
Founded in 1997, IMS Group is a financial services group for the asset management and securities industry, offering regulatory compliance consulting to the UK and US regulated financial services firms. Non-core services include hosted regulatory permissions, due diligence, compliance training, risk management and recruitment.

The company has offices in London, New York, Boston and San Francisco. Clients include hedge fund managers, private equity firms, fund-of-funds managers and pension fund managers.

People
Micah Taylor is founder of IMS US. Michel van Leeuwen is CEO of IMS Group.

Advisers
Equity - Pinsent Masons, Tom Leman (Legal); Kristian Wiggert, Covington & Burling (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Support services
• Portfolio management
• United Kingdom
• Sovereign Capital