KNEIP purchases 3i stake following rapid internationalisation
KNEIP, an independent service provider to the global asset management industry, has repurchased all shares held by 3i, an international investor in growth capital, buyouts and infrastructure, following strong growth for the group during the last three years.
Luxembourg-based KNEIP provides a range of domestic and cross-border services to many of the world’s largest fund management companies, providing its services to funds which have combined assets under management in excess of €1.8 trillion. 3i first invested for a significant minority stake in KNEIP during May 2007 to help increase the company’s service offering and expand its geographical reach.
Via a collaborative partnership over the last three years and with 3i’s support, KNEIP has successfully launched new offices in both London and Paris, attracting customers across both regions. In addition, KNEIP has made three international acquisitions. In 2009 KNEIP purchased La Cote Bleue in Paris, a press agency and major supplier of fund listings to the French media. Also in 2009, KNEIP acquired the assets of web development company Akiraweb to strengthen its capabilities in technological development and research, as well as Luxemburg-based fund publication specialist Lombard Fund Services which provided multi-lingual translation services and helped to enhance KNEIP’s existing customer service.
During the last three years, KNEIP has successfully grown its business internationally, with staff numbers rising from 130 to 170 employees across UK, France, Switzerland and Luxembourg, providing services in 54 countries and on the internet across the globe. KNEIP has successfully maintained growth despite a global recession and against the backdrop of a particularly hard-hit financial sector.
Bob Kneip, CEO of KNEIP, comments: “In spite of the extremely challenging environment of the last 18 months, KNEIP has grown its revenue, customer service and geographic presence. 3i has been a supportive partner during the last three years and we look forward to continuing to build the business over the coming years.”
Pieter De Jong, 3i Partner based in the Benelux, added: “3i has been proud to lend its expertise and international contacts to assist the geographical expansion and growth of KNEIP, to reach its position today as the leading European service provider to the global asset management industry.”
Notes to editors
Founded in 1993, KNEIP is the leading independent service provider to the global asset management industry. KNEIP’s client base includes many of the largest global fund management companies and provides its services to funds which have combined assets under management in excess of €1.8 trillion. KNEIP provides cross-border electronic and print fund listing services, automated management of corporate actions; flexible financial reporting and fact sheet production, universal data and document management, specialised fund translation and proofreading, and turnkey journalistic investor video solutions to more than 360 fund companies and 11,950 funds worldwide. KNEIP is headquartered in Luxembourg and has offices in the UK, France and Switzerland. KNEIP is supervised by the Luxembourg CSSF, has the status of Professionnel du Secteur Financier (PSF), and is AICPA SAS 70 (Type II) Certified. Learn more about us at: http://www.kneip.com/
3i is an international investor focused on Buyouts, Growth Capital and Infrastructure and investing in Europe, Asia and North America. Our competitive advantage comes from our international network and the strength and breadth of our business relationships. These underpin the value that we deliver to our portfolio, shareholders and fund investors. For more information, go to: http://www.3i.com/
For further information please contact:
tel. +44 207 975 3573