Announced
Completed
Financials
Tags
Friendly
Completed
Diversified Financials
Private
Cross Border
Majority
financial services
Private Equity
Luxembourg
Acquisition
Single Bidder
Synopsis
Cornerstone and Oaktree-backed ProService Finteco, a transfer agent offering settlement, fund valuation, and corporate accounting services, completed the acquisition of Moventum, a financial services company. Financial terms were not disclosed. "The acquisition of Moventum is a milestone in the development of ProService Finteco – from now on we will become a player of a completely different class. We are entering a challenging, highly developed financial market, and the approvals from very demanding regulatory authorities are the best proof," Andrzej Klesyk, Cornerstone Managing Partner.
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