Colmore - a leading private markets technology, services and administration business – was acquired by Preqin in a drive to better serve its clients and increase transparency and understanding of private markets.
Marcus Graham and Claire Eggels of Smith & Williamson provided vendor due diligence services on the transaction which will bring together Colmore’s administration, monitoring and fee validation services and Preqin’s global private markets data.
The deal comes at a time when a growing number of institutional investors are looking to the private markets and demanding cutting edge technology, data and integrated accounting and administration services. Colmore’s key solutions include portfolio monitoring, analytics, fee tracking and validation, and fund administration services for its LP and allocator clients. The rapidly growing business monitors more than 3,000 private market funds and more than 40,000 holdings.
Harry Pepper (CFO of Colmore) said: “Smith & Williamson’s Transaction Services team produced insightful analysis that displayed an impressive grasp of Colmore’s business model and communicated key points clearly. Their work was a valuable part of a successful deal process.”
Marcus Graham, Head of Smith & Williamson’s Transaction Services team in Bristol, said: “Smith & Williamson continues to grow its reputation as a leading provider of financial due diligence to the private equity, banking and corporate communities. We are delighted to have assisted on this transaction – it was another example of a deal where our VDD analysis has helped to streamline the diligence process.”
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By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
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