Silverfleet Partners-backed Microgen to merge with Touchstone Wealth Management.

Silverfleet Partners-backed Microgen Financial Systems, which develops, implements and supports business-critical software, agreed to merge with Touchstone Wealth Management, a wealth management company. Financial terms were not disclosed. “This merger brings together two individually successful businesses to create a software provider of scale in the Trust & Fund Admin and Corporate Services market that Silverfleet is very familiar with from successful investments in TMF and Ipes. The enlarged group will combine the best of both firms to set a new benchmark in functionality and client service across the globe to serve this growing and consolidating sector. We are looking forward to working closely with the management team to execute the growth strategy over the coming months,” David MacKenzie, Silverfleet Capital Partner.