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Aztec Group has welcomed Warburg Pincus, a global growth investor, as a strategic partner and 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, it says.
With over $83bn in assets under management (AUM), Warburg Pincus said it intends to actively use Aztec as the preferred partner for certain fund administration services on an ongoing basis across its global footprint.
The investment is a significant endorsement of Aztec’s current strategy and future prospects, said Kathryn Purves, Chief Executive Officer, Aztec Group.
“Welcoming Warburg Pincus highlights the increasing strength of Aztec and the significant potential that lies ahead," she 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.”
Andrew Sibbald, Managing Director and Head of Europe, Warburg Pincus, added “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," he 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.”
Pictured top: Kathryn Purves, Chief Executive Officer, Aztec Group.
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