The management team of Dexion Capital Holdings Limited, a leading London and Guernsey-based alternatives business, has sold the company to Fidante Partners, the boutique funds management division of Challenger Limited, an ASX-listed Australian investment management company. Financial details have not been disclosed.
Established in 2000, Dexion Capital focuses on the distribution of a range of alternative assets, managed by high quality asset managers, to a broad group of investors through both private and public capital markets. Since its inception the company has raised more than US$18 billion from 110 transactions in partnership with leading investment firms and a wide group of investors across the UK and Europe.
This acquisition substantially expands Fidante Partners’ presence in Europe where it already holds interests in UK-based alternative asset managers, including global infrastructure investor Whitehelm Capital and asset-backed security specialist, WyeTree Asset Management.
Robin Bowie, founder of Dexion Capital, commented: “We are very pleased to be joining forces with Fidante Partners which is a highly successful multi-boutique fund manager in the world’s fourth largest pension market, Australia. We believe that bringing the capability of Fidante Partners to Dexion Capital is very attractive to both investors and managers. For investors, it provides access to a range of managers who have the same high standards of reporting, governance, transparency and fair fees via our combined platform."
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.