Sovereign backs ACOLIN’s MBO

Deal

UK private equity buy & build specialist Sovereign Capital Partners has supported the management buy-out of ACOLIN, a provider of regulatory and cross-border fund distribution services.

Sovereign is backing the management team led by founder CEO and asset management industry entrepreneur Daniel Haefele. Sovereign has also added Mike Covell as non-executive chairman, previously a managing director at Goldman Sachs and chairman of Tilney. 

Founded in 2006, ACOLIN helps asset management businesses to access new markets, meet regulatory obligations and grow AuM across multiple jurisdictions. The business represents investment funds across Europe, ensuring that all regulatory obligations are rigorously fulfilled and that fund documents are available to investors and to relevant authorities. 
The business operates from nine locations including Zurich, Geneva, London, Frankfurt and Belgrade, employing around 85 staff. It  provides services to more than 600 asset managers, around 14 percent of those active in Europe – representing some 1800 investment funds across 30 markets.

ACOLIN’s network aids their clients’ access to fund distribution channels across Europe, overseeing data and commission management for over EUR 20 billion in AuM together with ongoing monitoring and due diligence of distribution partners.