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Eversheds advises Baird Capital on acquisition of Bfinance

  • Global
  • United Kingdom

    10-05-2016

    Eversheds has advised leading private equity house, Baird Capital on the acquisition of Bfinance, a financial services firm that provides advice and solutions to companies and institutional investors.

    This is the latest acquisition for Baird Capital, a venture capital growth equity and private equity investment firm that makes strategic investments in strategically targeted sectors globally. Since 1989, the firm has raised and managed more than $3.1 billion and invested in nearly 300 portfolio companies.

    Bfinance advises on investments for approximately 300 clients including a number of UK local authority pension funds, which are in the currently changing the way they invest. Following a trend for public sector pensions to behaviour more like sovereign wealth funds, this deal is intended to fund growth in Bfinance’s nascent US and Australian offices, which recently opened to bring the number of countries in its network to 25.

    The Eversheds team was led by partner and head of private equity, Richard Moulton. He was assisted by banking partner David Gray, principal associates Richard Kyle and Tim Wragg and associates Alex McCarney and Clare Scott.

    Richard commented:

    “We are pleased to have assisted Baird on this latest investment and to support their global growth plans for the business. We look forward to working with the team on future transactions.”

    Andrew Ferguson, Partner, Baird Capital, said:

    “We are very grateful to the team at Eversheds for the high level of support provided throughout this complex transaction. Bfinance’s model of charging investment managers fees on the value of the initial investments made by its institutional clients make it highly scalable. This acquisition means we are well positioned to capitalise on the projected strong growth of the global asset management industry.”

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