April 26, 2021 | PRESS RELEASE

KOGER Acquired by HWM to Create World’s Premier Investor Servicing Solution

World’s top two Investor Servicing and Regulatory solutions vendors join forces with private equity partner Lovell Minnick to deliver unrivalled fund administration and transfer agency technology capabilities.

PARAMUS, NEW JERSEY – April 26, 2021 — Global financial services software company KOGER, Inc. today announced its industry-leading assets have been acquired by HWM Group, a premier investor services and regulatory solutions provider to alternative and retail fund administrators. The combined enterprise will create the world’s foremost fund administration software solutions supplier.

Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, financial technology and related business services, funded the KOGER asset acquisition and has taken a majority stake in HWM Group as part of the deal. Financial terms of the transaction were not disclosed.

The combined HWM Group will continue to support KOGER clients’ existing systems and technology rollout commitments to prevent any disruption to service and preserve clients’ investments. The HWM, KOGER and Lovell Minnick management teams will work closely together to integrate the company over time and expand its technology capabilities to maximize value for customers.

HWM and KOGER’s best-in-class solutions and business reach are highly complementary. Dublin, Ireland-headquartered HWM is a recognized expert in alternative investments, retail funds and regulatory compliance, offering a comprehensive investor servicing platform, consulting services and real-time support to leading global banks and specialist alternative fund administrators. New Jersey, US-based KOGER’s technology applications for the administration of hedge, private equity, retail and pension funds have led the industry for more than two decades. The combined company’s scale and deep pool of client service and support resources will enable the Group to better serve its global client base, and add further capabilities across the full investment lifecycle.

“The combination of HWM and KOGER’s expert teams with Lovell Minnick’s backing will strengthen our expanded Group’s market-leading position and accelerate innovations for clients,” said Shamus O’Donnell, CEO of the combined HWM Group. “We have a clear vision for how we can enhance the services we offer. That includes maintaining the Group’s existing customer commitments, while devoting significant ongoing investment to developing deeper and broader product functionality in collaboration with clients. Coming together will enable us to enhance our premier private markets offering, RegTech investor lifecycle management platform and retail fund capabilities in particular, and create a true investor servicing solution powerhouse that better supports our clients’ businesses.”

“At Lovell Minnick, our focus is on partnering with industry-leading companies to drive long-term top-line growth,” added Steven Pierson, Managing Partner at Lovell Minnick Partners. “Through this acquisition, we are bringing together two experienced teams with world-class technology stacks and long-standing client relationships. HWM and KOGER are proven leaders in a dynamic sector. Backed by Lovell Minnick’s strategic assistance and financial resources, we can deliver greater value to clients and further strengthen the combined enterprise’s current position and future growth.”

About KOGER

KOGER Inc. is a global financial services technology company, providing investor services, compliance and business process management software to some of the world’s largest financial firms since 1994. KOGER works with fund service providers and global asset managers, including hedge funds, private equity funds, retail funds and pension funds. The company’s product suite automates transfer agency processes and administration; Know Your Customer (KYC) and Customer Lifecycle Management (CLM); and business process management. KOGER has offices in the US, Ireland and Slovakia.

About HWM Group

HWM is a dedicated investor servicing and compliance solutions provider, offering cutting-edge software and related consulting services to alternative 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 has developed a flexible investor servicing solution able to support offshore and onshore hedge funds, partnerships, private equity vehicles, pension schemes and retail funds. ManTra, HWM’s flagship product, is used by leading global banks and specialist hedge fund and private equity fund administrators across 14 countries. For more information, visit: www.hwmfs.com.

About Lovell Minnick Partners

Lovell Minnick Partners is a private equity firm focused on investments in financial services, financial technology and related business services. The firm partners with outstanding management teams to help grow their companies and build value for investors through a combination of driving growth initiatives, strategic activity and operational improvements. Since Lovell Minnick’s inception in 1999, it has become a leader in its chosen space, raising $3.5 billion of committed capital from leading institutional investors, including public and private pensions, insurance companies, endowments and foundations. To date, Lovell Minnick has completed more than 50 portfolio company investments.

Lovell Minnick Partners seeks to invest in management-driven, growth-oriented companies that span the supply chains of investment products, insurance products, credit products and payments. Areas where the firm specializes include financial and insurance technology; payments; specialty finance; insurance brokerage and services; asset and wealth management; and related business services.

Contact:

Roger Woolman
Chief Revenue Officer
HWM Group
T: +353 1 443 3078
E: roger@hwmfs.com