ARTICLE
The DAK Group, a leading investment bank specializing in middle market mergers and acquisitions, announces the sale of Koger, Inc’s. assets. Koger is a global financial services software company headquartered in Paramus, NJ. Koger’s assets were acquired by HWM Group of Dublin, Ireland, a premier investor services and regulatory solutions provider to alternative and retail fund administrators. The DAK Group was selected to sell the company’s assets, serving as the exclusive investment banker and financial advisor, initiating and managing the transaction process on behalf of court appointed fiduciary, Charles Forman. The combined enterprise will create the world’s foremost fund administration software solutions provider. “HWM's acquisition of KOGER’s assets creates the market leader in fund administration software. By combining into a single platform, the new entity will be able to offer a suite of highly complementary solutions with deeper functionality to its global, blue-chip customer base." stated Melvyn Threatt-Peters II, Vice President at The DAK Group. Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, financial technology and related business services, funded the KOGER acquisition. The combined HWM Group will continue to support KOGER’s clients’ existing systems and technology rollout commitments to prevent any disruption to service and preserve clients’ investments. The HWM and, KOGER management teams will work closely together to integrate the company over time and expand its technology capabilities to maximize value for customers.