PriestleySoundy are advising Kathryn Purves (CEO) and her Senior Management Team in connection with a minority investment by Warburg Pincus in Aztec Group. This strategic partnership will also see Warburg Pincus become a key client of Aztec Group. Founder and Chair, Edward Moore, will remain Aztec Group’s majority shareholder. The transaction is subject to regulatory approval and is expected to close no later than Q1 2025. Financial terms are not being disclosed.
Founded in Jersey in 2001, Aztec Group delivers award-winning fund and corporate services to the alternative assets industry. Aztec Group employs over 2,100 people, managing over €600 billion in assets under administration and 450 funds for a wide range of clients. This strategic partnership with Warburg Pincus will support Aztec Group’s long-term ambitions and the expansion of its client services as it moves beyond its strong position in Europe to become a global player in the high-growth US market and beyond.
Warburg Pincus is a leading global growth investor and trusted partner to outstanding founder-owned businesses, with a strong history of continuing to build the legacy of these businesses. Within the Financial Services industry, it has invested more than $24 billion across more than 58 companies.
PriestleySoundy previously advised Kathryn in 2023 in connection with her appointment as the new Chief Executive Officer of Aztec Group.
Aztec Group is being advised by Latham & Watkins and Carey Olsen (Jersey). Warburg Pincus is being advised by Kirkland & Ellis.
4 September 2024
