Rochelle Park, NJ – DAK, a leading investment bank specializing in middle market mergers and acquisitions, announces the sale of Koger, Inc’s. assets. Koger is a global financial services software company headquartered in Paramus, NJ. Koger’s assets were acquired by HWM Group of Dublin, Ireland, a premier investor services and regulatory solutions provider to alternative and retail fund administrators.
DAK was selected to sell the company’s assets, serving as the exclusive investment banker and financial advisor, initiating and managing the transaction process on behalf of court appointed fiduciary, Charles Forman. The combined enterprise will create the world’s foremost fund administration software solutions provider.
HWM’s acquisition of KOGER’s assets creates the market leader in fund administration software. By combining into a single platform, the new entity will be able to offer a suite of highly complementary solutions with deeper functionality to its global, blue-chip customer base.” stated Melvyn Threatt-Peters II, Vice President at DAK.
Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, financial technology and related business services, funded the KOGER acquisition.
The combined HWM Group will continue to support KOGER’s clients’ existing systems and technology rollout commitments to prevent any disruption to service and preserve clients’ investments. The HWM and, KOGER management teams will work closely together to integrate the company over time and expand its technology capabilities to maximize value for customers.
DAK is a leading investment bank serving middle market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations, and fairness opinions. Since 1984, DAK has executed hundreds of transactions across a wide range of industries. The DAK Value Accelerator is the proprietary process that allows clients to maximize the value of their business. DAK is headquartered in Rochelle Park, NJ.
KOGER Inc. is a global financial services technology company, providing investor services, compliance and business process management software to some of the world’s largest financial firms since 1994. KOGER works with fund service providers and global asset managers, including hedge funds, private equity funds, retail funds and pension funds. The company’s product suite automates transfer agency processes and administration; Know Your Customer (KYC) and Customer Lifecycle Management (CLM); and business process management. KOGER has offices in the US, Ireland and Slovakia.
About HWM Group
HWM is a dedicated investor servicing and compliance solutions provider, offering cutting-edge software and related consulting services to alternative and retail fund administrators. Founded in 2006, HWM is headquartered in Dublin, Ireland, with offices in the Cayman Islands and Slovakia. HWM’s highly experienced team of qualified accountants, business analysts and software engineers have developed a flexible investor servicing solution able to support offshore and onshore hedge funds, partnerships, private equity vehicles, pension schemes and retail funds. ManTra, HWM’s flagship product, is used by leading global banks and specialist hedge fund and private equity fund administrators across 14 countries.
About Lovell Minnick Partners
Lovell Minnick Partners is a private equity firm focused on investments in financial services, financial technology and related business services. The firm partners with outstanding management teams to help grow their companies and build value for investors through a combination of driving growth initiatives, strategic activity and operational improvements.
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