Acquisition and Growth Capital to support ECI’s investment in KB Associates
KB Associates (“KB” or the “Company”) is a leading independent provider of management company (UCITS and AIFMD) and consulting services to the asset management industry. It advises managers on operational and compliance issues relevant to the establishment and ongoing management of investment funds. The Company, founded in 2003, is headquartered in Dublin and has satellite offices in London, the Cayman Islands and New York. KB is led by CEO Mike Kirby and a well-regarded senior management team with significant experience in the funds industry. The Company employs 65 consultants and support staff, with all client facing staff being professionally qualified (ACA, CFA).
DunPort Capital, via the Elm Corporate Credit fund, provided acquisition finance facilities to support ECI Partners, a leading UK mid-market private equity investor, purchase of a stake in KB. DunPort, via Elm, also provided the Company with additional committed facilities to fund its growth plans over the coming years.
DunPort worked closely with both ECI Partners and PwC (advisors on the transaction) to close the transaction in an expedient process during the COVID19 pandemic and are looking forward to partnering with both management and sponsor as the Company continues its impressive growth trajectory.