London, January 16, 2023 – Proskauer, a leading international law firm, announced today that it advised Pollen Street Capital on the sale of and reinvestment in Pacific Fund Systems (“PFS”) to Apex Group, a global financial services provider.
Advised by Proskauer, Pollen Street first invested in PFS in December 2020 and the transaction represents the first exit in Pollen Street’s flagship Fund IV.
PFS offers specialist fund accounting and administration software for alternative and traditional funds around the world and supports clients through its core PFS-PAXUS product, a global technology solution that enables clients to automate all fund administration components on a single platform.
The Proskauer team was led by partner Andrew Wingfield and associate Jack Morant (M&A).
This deal adds to the list of transactions Proskauer has undertaken for Pollen Street Capital. In 2021, Proskauer advised Pollen Street Capital on its role as lead investor in Markerstudy Group and in 2020 Proskauer advised on the sale of Specialist Risk Group to HGGC.
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Proskauer’s financial services team in London advises the industry on their most critical deals, with strengths across the sector, including fintech, insurance/insuretech, payments and wealth management. The team has recently advised on numerous transactions in the financial services space, advising Copper Street Capital on its investment into Thistle Initiatives Group; acting as lead counsel to insurance FinTech CFC and its stakeholders on a significant investment joint-led by EQT and Vitruvian Partners, two of Europe’s leading private equity firms; advising AnaCap Financial Partners on its majority growth investment into German FinTech business fintus GmbH.