Funds managed by Cornerstone Partners and Oaktree Capital Management are to acquire ProService Agent Transferowy, a provider of business process outsourcing solutions and a transfer agent in Poland.
The company will be acquired by a partnership of Cornerstone Partners and Oaktree’s European Principal Group from private equity firm Highlander Partners.
The transaction requires consent of Polish competition authority (UOKiK).
The acquisition aims to allow the company to expand internationally.
Led by Paweł Sujecki, CEO, ProService Agent Transferowy is a specialized provider of professional support services of transfer agency, accounting, as well as advanced IT solutions for financial institutions domiciled in Poland and abroad.
At the end of 2015, the company served 52 domestic and international clients and a portfolio of PLN 55 billion of assets under administration.
ProService employs 350 people, including IT specialists, accounting, as well as clearing and settlement advisors.