The Quercus team, led by Andrew Clegg and Mark Winkler, advised the Board of CCL Compliance Limited (“CCL”) on the sale of the company to Waystone, a leading provider of institutional governance, risk and compliance services to the asset management industry. Waysotne is backed by mid-market Private Equity firm, MML. The transaction was supported by CVC Credit Partners.
With offices in London and Dubai, CCL is an established and experienced provider of regulatory compliance services. The business was founded in 1988 by Ralph Lindeyer and has since developed a comprehensive range of compliance services which it provides to a blue-chip client base across the globe.
Headquartered in Dublin, Waystone is the worldwide leader in governance, risk and compliance, representing leading investment funds and managers globally. Partnering with institutional investors, investment funds and asset managers, the group builds, supports and protects investment structures and strategies worldwide. Waystone supports asset managers with more than $1tn in assets.
CCL is Waystone’s ninth acquisition and now forms part of a newly formed Compliance Services division. Whilst Waystone has traditionally offered compliance services to funds, this is the first time it has offered services to fund managers at a corporate level, vastly expanding its addressable market.
Andrew Clegg, Partner at Quercus said:
“I could not be more pleased for Ralph Lindeyer who has now found the ideal home for a business he has spent over 20 years building into a highly respected leader in governance, risk and compliance. Waystone is exceptionally well positioned as a platform for future growth and I look forward to seeing the enlarged group prosper in the coming years.”
Ralph Lindeyer added:
“This is a wonderful result both for the Lindeyer family and for Waystone, as the acquisition of CCL helps to cement their position as the institutional global leader in governance, risk and compliance services. I am very grateful to the Quercus team for their support and guidance. Their deep transaction experience and high quality client service was a significant factor in ensuring a smooth process and a successful outcome.”