Aztec Group, an international fund and corporate services provider, welcomed Warburg Pincus, a global growth investor, as a strategic partner, which will see Warburg Pincus become a minority shareholder and key client of the group.
This agreement, which is subject to the relevant regulatory approvals, will support Aztec’s long-term ambitions and the expansion of its client services as it moves beyond Europe to become a global player in the U.S. market and beyond.
With over $83 billion in assets under management (AUM), Warburg Pincus intends to actively use Aztec as the preferred partner for certain fund administration services on an ongoing basis across its global footprint.
Aztec will continue to be led by its experienced management team, headed by Kathryn Purves, CEO of the group, as it further develops into international markets and extends its client base. Edward Moore, founder and chair of Aztec, will remain the group’s majority shareholder.
“Welcoming Warburg Pincus highlights the increasing strength of Aztec and the significant potential that lies ahead,” Purves said. “We are excited to partner with a global investor in Warburg Pincus, which has a strong track record in supporting businesses like ours to further their growth trajectories. In becoming a significant client of Aztec, Warburg Pincus is fully committed to retaining what makes Aztec so special: the strength of our teams and our proud record of providing world-class client service. We look forward to working together to capture the significant opportunities in Private Capital moving forwards.”
“We are delighted to partner with Aztec as both a shareholder and a client. We have enjoyed a long-standing relationship with Aztec and its excellent management team and have followed the successful growth of the business over many years,” Andrew Sibbald, managing director and head of Europe at Warburg Pincus, said. “This has given us a strong belief in Aztec’s right to win in this attractive sector, founded upon a proven track record of delivery, deep market expertise and an exciting future vision. We look forward to supporting the continued development of Aztec’s existing market-leading position in Europe, while also scaling its offering to exploit attractive growth opportunities globally.”
