Hg has become a majority investor in TrustQuay, a leading technology provider to the global trust, corporate and fund services industry. TrustQuay provides entity management, client accounting, practice management, compliance and workflow software for trust, fund and corporate service providers around the world.
Over its next phase of growth, TrustQuay is aiming to scale its business as a global leader by accelerating the digitalisation of this segment. This includes the roll-out of TrustQuay Online, which it describes as “a brand new, sector-leading and feature-rich software-as-a-service (SaaS) offering that will revolutionise how customers operate in this industry.”
TrustQuay serves more than 360 customers and 26,000 users in over 30 jurisdictions, through eleven offices worldwide in key jurisdictions including Australia, Guernsey, Jersey, Luxembourg, Singapore, and the United Kingdom.
Hg is buying its stake from Silverfleet Capital, the former majority owner of the buisness. The TrustQuay management team remains in place.
What we don’t have is any mention of numbers – not even the amount that HgCapital Trust is committing as part of the deal which normally accompanies these announcements.
HGT : HgCapital backs TrustQuay