E78 Partners to Sell Fund Solutions Business to Ocorian
E78 Partners, recognized for its outstanding advisory and managed services, has announced a significant strategic move. The firm plans to sell its Fund Solutions business to Ocorian, a premier global provider specializing in fund administration, capital markets, corporate, and compliance solutions. This partnership aims to enhance the service offerings to nearly 200 alternative investment fund managers.
Commitment to Client Service
Vince Calcagno, the Executive Managing Director at E78, expressed immense pride in the Fund Solutions business’s accomplishments. He underscored the importance of aligning with Ocorian, a partner that shares E78’s focus on excellence in client service. Calcagno noted that a commitment to innovation and the team's development was pivotal in choosing Ocorian for this partnership.
A New Path Forward
Calcagno highlighted the synergies between E78 and Ocorian, suggesting that this collaboration would position E78 to pursue growth opportunities, allowing them to leverage Ocorian’s deep expertise and comprehensive resources in investor services. Calcagno also reflected on the entrepreneurial spirit of their team and how this partnership will enable them to operate effectively within a broader institutional framework.
Strategic Realignment for Growth
John Signa, CEO of E78, commented on how this decision aligns perfectly with E78’s long-term strategic vision. The sale of the Fund Solutions division is designed to sharpen their focus on core business areas and bolster efforts in Advisory and Technology Solutions. By divesting the Fund Solutions unit, E78 aims to continue evolving and thriving while ensuring that the business receives the necessary support under Ocorian's experienced management.
Focus on Core Competencies
Signa acknowledged the dedicated efforts of the Fund Solutions team and their vital role in E78's achievements. The transition process promises a seamless move for both employees and clients alike. E78 is committed to ensuring that its valued customers continue receiving exceptional service throughout their ongoing relationship with Ocorian.
Preparation for Transition
The financial advisory for this transaction was provided by PL Advisors, while legal guidance was secured from Kirkland & Ellis. It’s important to note that the acquisition is anticipated to finalize in the third quarter of 2025, pending standard closing conditions and any necessary regulatory approvals.
About E78 Partners
E78 Partners began its journey in 2016, establishing itself as a noteworthy business advisory firm, adept at addressing the complexities faced by corporate leaders and private equity sponsors. Their emphasis lies in empowering CFOs, CIOs, and other operating executives to create value through specialized knowledge in finance, technology, and transformation.
Frequently Asked Questions
What is the strategic importance of the deal for E78 Partners?
This transaction allows E78 to focus on its core business areas and enhances its Advisory and Technology Solutions while ensuring the Fund Solutions division thrives under Ocorian.
Who will lead the Fund Solutions team post-acquisition?
Vince Calcagno, the current leader of the Fund Solutions team at E78, will join Ocorian and continue to serve their clients.
What does this partnership signify for E78 Partners?
The partnership represents a commitment to service excellence, innovation, and an expanded capacity to meet client needs in the future.
What is E78 Partners' focus following this sale?
Post-sale, E78 plans to enhance its core strengths and drive growth primarily through its Advisory and Technology Solutions business.
When is the transaction expected to close?
The transaction is expected to close in the third quarter of 2025, subject to necessary approvals and conditions.
