Management Buyout of Ansbacher Fund Services
1st September 2006
Augentius Fund Administration (AFA), the specialist provider of fund
administration services to the Private Equity industry, (previously known
as Ansbacher Fund Services) completed a management buy-out from
Ansbacher on 1st August 2006.
During the last 3½ years, since formation, the MBO team have created a
very successful business as a specialist provider to the Private Equity and
Property funds sectors:
“We are absolutely delighted to have been able to acquire the business”
said Barry Carroll, Senior Managing Partner of AFA. “We provided the
original business idea and vision. The excellent team of accounting
professionals we have brought on board have helped Augentius achieve a
first class reputation in the marketplace. With our newly found autonomy
and independence of mind, we have great plans to improve and expand
the Augentius product range.”
The business was a completely new concept when started in January
2003. Unlike other Fund administrators, the management team wanted to
ensure that, given the complex structure of Private Equity Funds and
Deals, all Funds were under the direct day to day administration of
qualified accountants. Augentius therefore based their operational centre
in London with an offshore office in Guernsey:
“Quality of service is imperative to our business” remarked David Bailey,
Managing Partner “and this is something that is virtually impossible to
achieve from an offshore location, given the chronic shortage of offshore
based qualified accounting professionals. By working in both London and
Guernsey we have also attracted a very substantial and high quality client
base of both onshore and offshore clients. There is now a tangible trend
for Private Equity firms to outsource their back-office fund administration. It
started with new start-up GPs outsourcing their administration but changes
are now occurring in more established firms. There is no doubt Augentius
will continue to expand our client base at a rapid pace.”
“We have grown the business from a zero base to administering over
€12bn in assets in just 3½ years” said Barry Carroll. “Plans are now being
put in place to further enhance our service offering both in terms of our
technological capability and geographic coverage to enable us to deliver
even higher standards to the industry.
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For more information please contact:
David Bailey Barry Carroll
Managing Partner Senior Managing Partner
t +44 20 7089 4733 t +44 20 7089 4726
f +44 20 7089 4744 f +44 20 7089 4744
e david@augentius.com e@barry@augentius.com
Augentius Fund Administration LLP
Two London Bridge
London SE1 9RA
United Kingdom
www.augentius.com
©www.augentius.com 13/08/2008
www.augentius.com/management-buyout.html