Platforum Senior Analyst, Rodolfo Crespo, comments:
“This deal highlights the strong investor interest in the platform industry that we have seen recently. Fund platforms have become hugely influential for fund distribution and have significant opportunities ahead as MiFID II is implemented and more Asian and Latin American markets open up to foreign funds.
MFEX has already managed to grow beyond its home market in Sweden to become a truly international platform. The platform has grown its assets under administration from €10bn to €63bn between 2012 and 2016, taking it into the top ten European platforms.
However, the platform market is becoming more competitive by the day and some countries are difficult to penetrate. This is where Nordic Capital’s role will be key. It can bring the necessary financial strength to accelerate the platform’s growth both organically and through acquisitions. We now expect MFEX to be one of the platforms that leads consolidation in the sector.”
Notes for editors
For more information, please contact:
Rodolfo Crespo
rodolfo.crespo@platforum.co.uk
+44 (0) 20 7970 4166