DAK Group, a leading investment bank specializing in mid-market mergers and acquisitions, announces the sale of Koger, Inc. Assets. Koger is a global financial services software company headquartered in Paramus, New Jersey. Koger’s assets were acquired by HWM Group of Dublin, Ireland, a leading provider of investor services and regulatory solutions to hedge fund and retail administrators.
The DAK Group has been selected to sell the assets of the company, serving as the exclusive investment banker and financial advisor, initiating and managing the transaction process on behalf of the court appointed trustee, Charles Forman. The combined business will create the world’s leading provider of fund administration software solutions.
“HWM’s acquisition of the assets of KOGER creates the market leader in fund administration software. By combining into a single platform, the new entity will be able to offer a suite of highly complementary solutions with deeper functionality to its premier global customer base. Said Melvyn Threatt-Peters II, DAK Group Vice President.
Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, fintech and related business services, funded the acquisition of KOGER.
The combined HWM group will continue to support KOGER customer’s existing systems and technology deployment commitments to avoid service disruption and preserve customer investments. The management teams of HWM and KOGER will work closely together to integrate the business over time and extend its technological capabilities to maximize value for customers.
About the DAK group
DAK Group is a leading investment bank serving private mid-market companies in the areas of mergers and acquisitions, business sales, financial restructuring, bankruptcy, capital advisory, assessments and fairness opinions. Since 1984, the DAK Group has executed hundreds of transactions across a wide range of industries. The DAK Group is headquartered in Rochelle Park, NJ.
KOGER Inc. is a global financial services technology company, providing investor services, compliance management software and business processes to some of the world’s largest financial companies since 1994. KOGER works with service providers global fund and asset managers, including hedge funds, private equity funds, retail funds and pension funds. The company’s suite of products automates transfer agency processes and administration; Know Your Customer (KYC) and Customer Lifecycle Management (CLM); and business process management. KOGER has offices in the United States, Ireland and Slovakia.
About the HWM group
HWM is a dedicated provider of investor services and compliance solutions, offering leading edge software and related advisory services to hedge and retail fund administrators. Founded in 2006, HWM is headquartered in Dublin, Ireland, with offices in the Cayman Islands and Slovakia. HWM’s highly experienced team of qualified accountants, business analysts and software engineers have developed a flexible investor servicing solution capable of supporting offshore and onshore hedge funds, partnerships, investment vehicles, private equity, pension plans and retail funds. ManTra, HWM’s flagship product, is used by leading global banks and administrators of specialized hedge funds and private equity funds in 14 countries.
About Lovell Minnick Partners
Lovell Minnick Partners is a private equity firm specializing in investments in financial services, financial technology and related business services. The firm partners with exceptional leadership teams to help grow their businesses and create value for investors through a combination of growth initiatives, strategic activities and operational improvements.
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