This transaction is significant for both companies. Waystone helps investment managers and fund sponsors design and support fund structures and safeguard fund investors. Today’s acquisition will let Waystone serve more investment managers and sponsors with more products and services.
Waystone’s UK service will include alternative administration after its 2022 acquisition of T. Bailey Fund Services. It further strengthens the Group’s Irish Management Company (“ManCo”) offering after acquiring KB Associates in 2022 and Centaur Fund Administration in January 2023.
It will also add over US$190bn in assets under oversight and administration, 600 workers globally, and Waystone’s first office in India with 150 employees.
Purchase of Link Fund Solutions by Waystone Group
By joining Waystone, sponsors, investment managers, and their underlying investors will benefit from a stable and sustainable foundation as Waystone grows in Ireland, the UK, and beyond, allowing them to grow existing funds, launch new products, and better serve investors and the investment community.
Waystone CEO Global Management Company Solutions Rachel Wheeler said, “We believe that Waystone is uniquely positioned to take LFS forward, providing quality global solutions to support its fund sponsors, investment managers and their underlying investors. We look forward to assisting the LFS team so they can focus on providing excellent service.”
LFS CEO Karl Midl said, “We are delighted to join Waystone, a leading European fund services provider in our industry. Joining Waystone will allow us to improve and expand our offering and serve our clients as they adapt and grow. Our diverse client base requires significant product enhancement. We look forward to collaborating with Waystone to strengthen asset managers, asset owners, and investors’ confidence in the fund market.”
Waystone’s strategic goal of global asset servicing leadership is reinforced by the LFS purchase. Our twin strategy of external and internal growth requires strong leadership and senior management to grow globally and improve our services.
About Waystone
Waystone leads the asset management sector in institutional governance, risk, and compliance. Waystone constructs, supports, and defends investment structures and strategies worldwide with institutional investors, investment funds, and asset managers. Waystone supports asset managers with over US$2tn in AUM with its 20 years of experience and wide variety of specialised services. Waystone guides and equips clients to confidently manage their investing goals.