Private equity firm Sovereign Capital Partners agreed to invest in the management buy-out of ACOLIN, a Switzerland-based provider of regulatory and cross-border fund distribution services. Financial terms were not disclosed. "We are delighted to be backing Daniel and his first-class management team as the business looks to its next stage of growth. We believe that through strategic Buy & Build, ACOLIN is well positioned to further develop its offering and geographic reach in this fragmented market," Alex Hay, Sovereign Partner.