Fladgate advises Maitland on acquisition of Phoenix Fund Services

Our team: Charles Proctor, Grant Gordon

Fladgate LLP has advised the global advisory, fund administration and fiduciary services firm Maitland on the acquisition of UK-based fund administrator Phoenix Fund Services.

The deal boosts Maitland’s assets under administration by £6.2 billion (USD $9.3bn) to over £135 billion (USD $200bn). It also heralds Maitland’s entry into the fund administration sector in the UK, where it has an established private client and corporate services business. Maitland will use Phoenix Fund Services’ UK presence to grow its share of both the traditional long-only and alternative fund administration markets in the UK and Europe.

Commenting on the acquisition, Maitland CEO Steve Georgala said: “The synergies between Maitland and Phoenix Fund Services are compelling. Maitland brings its industrial-strength systems to the deal as an integrator of best-of-breed technology, including InvestOne, Advent Geneva and Investran. Phoenix Fund Services brings its highly skilled administration professionals in a market where talent and knowledge are major differentiators.”

Fladgate’s head of corporate, Grant Gordon, led the team advising Maitland, assisted by financial services partner Charles Proctor.

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