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Matthias Knab, Opalesque: Walkers and Vitruvian Partners form strategic partnership for end-to-end solutions in fund services
Walkers, a leading international law firm, today announced the signing of a definitive agreement for a strategic co-investment into its Walkers Professional Services
(WPS) business with Vitruvian Partners, a leading global growth-focused investment firm with a long track record in the fund services market. This partnership marks the start of a long-term collaboration aimed at building a global, market-leading fund and
corporate services provider.
The newly formed alliance is set to position WPS for accelerated growth, enabling it to capitalise on emerging opportunities and navigate evolving market dynamics. Under the terms of the partnership, Walkers and Vitruvian Partners will share ownership of WPS and jointly commit to expanding the business, leveraging their combined expertise and resources to deliver enhanced value to clients worldwide.
Client service remains central to this strategic decision. Walkers recognises the increasing demand from clients for a comprehensive suite of integrated, market-leading services delivered seamlessly across key investment hubs. The partnership with Vitruvian Partners is designed to ensure that service standards are further strengthened by the infusion of capital and sector expertise.
Ingrid Pierce, Global Managing Partner of Walkers, commented: "Our vision is to be the premier law firm and corporate services provider across all major investment centres, offering our clients cohesive, end-to-end solutions. This partnership with Vitruvian Partners presents a significant opportunity to extend WPS into new markets, enhance its service range, and drive efficiencies. We are excited to embark on this journey in support of our clients' ambitions".
Steven Manning, CEO of WPS, added: "Partnering with Vitruvian Partners will enable WPS to accelerate its growth trajectory and further enrich the services for clients. Leveraging Vitruvian Partners' strategic investment and resources, we are confident in our ability to deliver an expanded, market-leading offering that surpasses the capabilities of many competitors".
Luuk Remmen, Partner at Vitruvian Partners, said: "We are delighted to partner with Walkers and WPS, whose strong leadership and impressive client base present a unique opportunity to create a global leader in fund & corporate services. Our investment will support the roll-out of best-in-class technology for WPS, as well as the expansion of its service offering, and its presence in new markets, accelerating growth and innovation across the board".
The completion of the transaction is subject to customary regulatory approval.
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