A private equity firm sells Zenith
Zenith Investment Partners has been sold to a London-based data feed and technology provider for an undisclosed amount.
Private equity firm Five V Capital sold Zenith to FE fundinfo less than two years after its acquisition.
Zenith CEO David Wright said: “Management agrees that there is a great alignment of values and goals between the two organizations, and that together we can create a truly premium service. compelling for advisors, fund managers, super funds and client institutions. “
The research house was founded 20 years ago. He has evaluated over 1,000 investment and retirement funds and 150 investment portfolio solutions.
Five V Capital investment professional Angus Whitehead has said from the start of the partnership: “Zenith has achieved transformational growth and we are proud to support David Wright and his team on this journey.”
“Now, with the global reach and growth program of FE fundinfo, we believe the company is well positioned to continue to build on this platform and improve its service offerings for clients in the years to come. come, ”he said.
FE fundinfo chief executive Hamish Purdey said the deal brings together two providers of fund and research data in Europe and the APAC region with a complementary set of services focused on asset managers and advisers.
This is the second acquisition of FE fundinfo in Australia. She acquired Chant West in 2020.