PFS-PAXUS user Mainstream BPO to acquire Trinity Fund Administration

MainstreamBPO Limited group (ASX: MAI) (MainstreamBPO or the Group) has executed sale agreements to acquire Trinity Fund Administration (Trinity) in Ireland and the Cayman Islands (Acquisition). Privately owned Trinity currently provides administrative, transfer agency, company register, corporate secretarial, risk and regulatory reporting and other ancillary services to over 140 funds and investment vehicles incorporated in a variety of jurisdictions. The Acquisition will increase MainstreamBPO’s client base and funds under administration. Trinity currently services or administers assets in the region of US$7 billion. Trinity was founded in 1993 by CEO John McCann, and has received recognition from the international funds industry on numerous occasions including being awarded the “Best Offshore Hedge Fund Administrator” in the Hedge Week Global Awards in March 2017 and “Best Fund Formation Service” in the Corporate Live Wire Global Fund Awards in April 2017. Trinity has 30 staff across its various offices, with an average of 18 years’ service by senior staff. All of Trinity’s employees will join the Group with Mr McCann to join MainstreamBPO’s executive team and become the CEO of MainstreamBPO’s European and Cayman operations. The acquisition of Trinity expands MainstreamBPO’s global footprint in key international fund centres and allows the group to enter into key European fund product markets including the ability to service regulated UCITS (Undertakings for Collective Investment in Transferable Securities) and non-UCITS products. Please red the full press release here.