TRANSACTION SUMMARY

On 13 January 2022, T. Bailey Holdings Limited announced that Waystone has agreed to acquire T. Bailey Fund Services ("TBFS"). TBFS is a fully-hosted ACD and fund administration service provider to the fund management industry.

As part of Waystone, the TBFS team will focus on the continuity of its existing offering, whilst also being able to service its delegated fund managers with a wider pool of resources and expertise.

Waystone’s knowledge and resources will provide TBFS with enhanced compliance systems and resources to further support its oversight of current and emerging regulatory issues and developments, with its delegated fund managers gaining access to a multi-jurisdictional offering.

Together, Waystone and TBFS will have ACD-related assets under oversight in excess of £10bn.

TBFS

TBFS is an independent full-service host ACD and fund administration service provider to the fund management industry, with over £9bn assets under administration. It has over 15 years’ experience in running and administering funds and offers a premium service through a dedicated team of industry professionals offering expertise and advice across all areas of fund administration. It has an established reputation as a trusted supplier, using market-leading technology and business automation processes to deliver tailored solutions. From seamless migration of funds to full compliance and operational oversight, TBFS works collaboratively with fund managers to promote joint innovation and successful long-term partnerships.

T. BAILEY HOLDINGS LIMITED

T. Bailey Holdings Limited is the holding company of the two trading subsidiaries TBFS and T. Bailey Asset Management Limited.

WAYSTONE

Waystone is a leading provider of institutional governance, risk and compliance services to the asset management industry. Partnering with institutional investors, investment funds and asset managers Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now supporting asset managers with more than US$1Tn in AUM globally.

ROLE

SHP acted as financial adviser to T. Bailey Holdings Limited on the sale of TBFS to Waystone.