Waystone, the leading provider of institutional governance, risk and compliance services to the asset management industry, announced today that it has signed an agreement to receive significant investment from Montagu Private Equity, a leading European private equity firm, to accelerate its global growth strategy.
The investment represents a significant opportunity for Waystone to build upon its current expansion plans and continue to invest in offering its clients an extensive set of global solutions and unrivalled quality of service. The investment, which is subject to regulatory approval, will see Montagu take a strategic stake in the business and support the next phase of Waystone’s growth.
The investment will also conclude Waystone’s successful partnership with MML Capital Partners (MML) following their investment in 2019. With MML’s support, Waystone has grown organically and through corporate transactions to become the leading institutional global governance, compliance and third-party management company.
Formed from the merger between MontLake, MDO and DMS, Waystone launched in March 2021 to create the first truly institutional global governance and third-party management company with a unique portfolio of services and talent. Following the investment by Montagu, Waystone’s leadership team will remain unchanged and all existing management shareholders will remain in place.
Derek Delaney, Global CEO at Waystone commented:
“This investment takes the merger of MDO, MontLake and DMS to the next level of value for our clients and it validates the merits of our decision to come together. As we continue to scale this business globally, our clients can now appoint a management company on the same institutional footing as their administrators and auditors. I would like to take this opportunity to thank my team, along with MML for their unwavering support and enthusiasm as we bring our regulatory support model to the global marketplace. We look forward to working with Montagu, as we build on our unique solution set for all core markets and domiciles.