Cordium acquires HedgeStart in latest buy-out
Cordium, the regulatory compliance consultancy, has acquired HedgeStart.
This expansion will provide a further boost to Cordium's accounting division and adds corporate and private client services to its product line.
The deal was funded by Sovereign Capital, Cordium’s private equity sponsors.
The majority of HedgeStart partners and staff will join Cordium. HedsgeStart’s founder and managing partner, Matthew Wilson, will become an advisory consultant. Both companies’ compliance consulting teams will be led by director Philip Naughton and the accounting and tax teams will be under the leadership of HedgeStart partner Rob Edwards.
HedgeStart was formed in 2000 and offers corporate and private client tax, accounting and regulatory compliance consulting to alternative investment businesses.
This buy-out comes one month after Cordium acquired Sigma Partnership. Cordium has made several high-profile acquisitions since 2010 including HedgeOp Compliance, Evenwheel Solutions and MMS Regulatory Solutions.
Cordium has confirmed it is seeking out further acquisitions in 2014.