Asset International bolsters its global capabilities with acquisition of FWW in Germany
Asset International bolsters its global capabilities to help financial institutions grow their business and fulfill compliance requirements with acquisition of FWW in Germany
Combination enhances AI’s GRC and business intelligence capabilities globally.
June 1, 2015, New York. Asset International, Inc. (AI), a leading provider of data, information and marketing solutions to the global asset management industry, has acquired Financial Webworks (FWW), a Munich-based provider of fund data, regulatory documentation and marketing materials to fund distributors in Germany.
FWW’s market-leading suite of services to distributors such as banks and financial advisors includes Fund Data, FundListing, FundStars, Trends in Asset Management (TiAM), fondsweb, FoF Analyzer, HeatMaps and Fundscreen. These tools enable advisors and investors to make sound investment decisions by providing them with transparent, up-to-date and correct fund information.
Matthias Rothe, Managing Director, FWW, commented, “Asset International’s support will enable FWW to expand our services beyond our traditional market and will also provide the opportunity to introduce German clients to AI’s robust global products and services”.
FWW’s operations and staff will remain in Munich, to be run as an independent unit of Asset International, under the leadership of joint Managing Directors Matthias Rothe and Marc Bonnet. The unit will report to John Lee, Managing Director – Europe, Asset International, who oversees another of Asset International’s recent GRC acquisitions, LiquidMetrix.
“FWW will provide us with an expanded footprint in continental Europe, allowing us to build and strengthen our customer relationships there”, said Jim Casella, Chairman and CEO of Asset International. He further added, “FWW offers products at a critical linkage between fund companies and their distribution partners, and we believe AI is in a great position to offer these products to our global customer base.”
John Lee, Managing Director – Europe, Asset International, commented, “FWW is the market leader for fund data in Germany with deeply-embedded customer relationships. We will continue to support and drive strong growth in its fund listing business, at the same time as expanding the breadth of FWW’s services to offer its customers access to AI’s full range of analytical tools.”
This acquisition comes just weeks after the firm announced another European deal, IFS/LiquidMetrix. Tony Salewski, Managing Director of Genstar, Asset International’s financial backer, commented, “Regulatory fundamentals underpin demand for FWW’s core products. That, along with attractive growth in the German mutual fund market, make this latest acquisition a solid fit for Genstar’s aggressive growth plans for AI.”
About Asset International
Asset International (AI) provides critical data, business intelligence, and information services to the global investment management industry. AI delivers proprietary data and analytics, as well as marketing solutions that target global asset managers. The Company’s client base includes over 500 of the most prominent names in the asset management industry. Its recognized data brands include Strategic Insight, Investor Economics, Plan for Life and LiquidMetrix. AI’s portfolio of marketing solutions includes brands such as PLANSPONSOR, PLANADVISER, Chief Investment Officer, Global Custodian, and The Trade. The company is headquartered in New York and has offices in London, Stamford, CT, Hong Kong, Melbourne, Boston, Toronto and the San Francisco Bay Area. AI is backed by Genstar Capital. For more information, visit: www.assetinternational.com.
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $3 billion and targets investments focused on selected sectors within the financial services, software, industrial technology, and healthcare industries.
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