Established in 2003 as a subsidiary of Hargreaves Lansdown, FundsLibrary is a leading digital platform, supporting the life cycle of fund data, documents and regulatory reporting for the investment industry.
The company prides itself on the breadth and depth of data that it provides to it’s international customers, processing 185 million data and document requests a year, with information available on over 40,000 investment products from more than 700 different asset managers.
We provided an integrated range of advisory services to deliver the transaction, notably corporate finance advice, vendor due diligence, modelling support, tax and carve-out planning services.
In terms of operational support, we developed a ‘separation blueprint’ which included the following, and was presented to bidders to provide comfort around how the separation would work, and the key financial and operational impacts:
Our extensive sector expertise and relationships with the range of acquirers meant we were able to position the business for value, and really add value to the process by understanding the key bidders strategic rationale and drivers of value, and managing conversations and negotiations.
Our joined up approach enabled us to work effectively with a range of stakeholders, driving a complex transaction, which included TUPE, continuity of business relationships, carve-out and technology considerations. This delivered a strategic value, a long-term partner for the business all within the targeted timeframe.
Grant Thornton’s experience and expertise were critical in obtaining a highly satisfactory conclusion to this complex transaction. The project ran smoothly and to schedule from inception to completion, due in no small part to the personal care and diligence provided by the Grant Thornton team. We’d love to work with you again in the future.
Philip Johnson CFO, Hargreaves Lansdown plc
