Aztec take on €315m Nordic fund

Friday 20 October 2017

A Jersey financial services provider has been selected to administer a Nordic fund worth more than €300m.

Aztec Group are to take over the ongoing administration, financial reporting and secretarial services for the Accent Equity 2017 LP fund, a €315m mid-market private equity fund advised by Accent Equity Partners.

Known as Accent, the company have advised funds of over a €1billion since its establishment in 1994. Those funds later acquired more than 80 Nordic mid-market companies. Accent Equity 2017 is the eighth of these, and adds to the list of more than 20 Nordic-based private equity and venture capital firms - together worth over €22billion - that Aztec already administer.

Simon King (pictured), Director of Aztec Group, said that his team were “delighted” to have been selected by Accent.

“The Group has been working with some of the leading names in the Nordic private equity market for over 15 years, particularly in the mid-market space, so it’s great to see our specialist expertise in this area continue to be recognised,” he commented.

Daniel Thonestad, CFO of Accent Equity Partners, added: “Aztec Group’s exceptional credentials in fund services, together with their background in the mid-market sector and Nordic region were among the main reasons why we chose to work with the Group. There’s certainly some exciting opportunities on the horizon for this fund and the Aztec Group will play an important role in ensuring we have a robust back office and operational platform to support our investment strategy.”