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New Deal


Announced

Completed

Cornerstone and Oaktree-backed ProService Finteco completed the acquisition of Moventum.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Completed

Diversified Financials

Private

Cross Border

Majority

financial services

Private Equity

Luxembourg

Acquisition

Single Bidder

Synopsis

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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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