Pelican Capital has sold portfolio company Wheelhouse Advisors to Centralis, an international corporate and funds service provider.
Centralis is backed by CBPE Capital, a UK-based mid-market private equity firm.
Pelican Capital supported the management buyout of Wheelhouse from ACA Compliance in March 2020. A strategic partner to the investment management sector, Wheelhouse Advisors supports more than 900 clients globally, with over $130 billion of assets under reporting.
The deal, which is subject to customary regulatory approvals, is expected to close in the second quarter of 2022. Financial terms of the transaction have not been disclosed.
