Boutique fund specialist Moore, a First Names Group company, has been chosen by Swiss fund manager DEFI Gestion SA (DEFI) to administer its private equity (PE) buyout fund. Moore has significantly strengthened its proposition in the Channel Islands with the Group’s recent expansion into Guernsey.
DEFI was established in 1990 by the Banque Cantonale Vaudoise and underwent a Management Buyout in 2006. It operates in the Swiss and wider European markets and mainly focuses on small cap market companies that are headquartered in Europe. DEFI’s PE fund invests primarily in organisations in the healthcare services, industrial and food sectors, with DEFI adopting the role of an active shareholder and creating shareholder value by contributing to the setting of strategic goals for the portfolio companies.
Operating from offices in Jersey, Guernsey, the Isle of Man, Japan and Bermuda, Moore is a well-established provider of independent fund services for both institutional and corporate clients. Its client base ranges from major investment banks to small, alternative asset managers located in the major financial centres. Moore’s private equity team (one of three specialist teams) brings a wealth of experience and expert knowledge to the individual needs of its clients’ fund structures, often with complex investment holding companies, carried interest structures, special purpose vehicles and special limited partners.
Raquel Feito, Investment Director at DEFI Gestion SA, comments;
“We were impressed by Moore from the outset. The key element for us is that they have a deep understanding of private equity funds and the complexities involved in administering and accounting for them. Their professionalism and attention to detail are first-class and we are very much looking forward to working together.”
Jon Trigg, Head of European Funds at Moore, says:
“We are very pleased that DEFI chose us as its fund administrator, further strengthening our private equity client base and supporting our strategic growth strategy in the European market. Our strategy is in keeping with Moore’s values and vision of remaining niche and personal in our approach to clients so that we can deliver unrivalled service and foster long-term working relationships. The last twelve months have shown that Moore is on the right course, winning new business and growing a portfolio of respected clients thanks to the high level of service provided on a daily basis.”
Category: Finance & Business