TowerBrook Capital Partners Completes Sale of Battea Investment
TowerBrook Capital Partners' Strategic Exit
In a significant decision, TowerBrook Capital Partners L.P., an esteemed investment firm based in New York and London, has exited its minority investment in Battea-Class Action Services. This move comes in conjunction with the sale of Battea to SS&C Technologies Holdings, Inc., marking a pivotal moment for both companies.
About Battea-Class Action Services
Battea-Class Action Services stands out as a leading provider of securities claims management services. The company excels in navigating the intricate stages of filing and processing settlement claims, particularly in antitrust and securities litigation. For over 20 years, it has catered to a diverse clientele, encompassing more than 900 institutions globally. Battea works with several of the most prominent banks, hedge funds, and asset managers, positioning itself as an essential resource for these clients amidst the complexities of financial settlements.
Collaboration with SS&C Technologies
The acquisition by SS&C Technologies Holdings, Inc., a prominent provider of software and services to the financial services and healthcare sectors, signifies a strategic alliance that promises to enhance Battea's service offerings. SS&C, founded in 1986 and headquartered in Windsor, Connecticut, supports a wide spectrum of organizations. With approximately 20,000 clients ranging from industry giants to smaller firms, SS&C is committed to delivering expertise, scalability, and innovative technology solutions for their operations.
TowerBrook’s Investment Philosophy
TowerBrook Capital Partners prides itself on being a purpose-driven investment management firm with assets amounting to $21.5 billion. The firm’s approach revolves around disciplined investing and a focus on fundamental value, aiming to provide superior, risk-adjusted returns to its investors consistently. The commitment to responsible ownership has been integral to TowerBrook's success and reflects their core values in managing investments.
Commitment to Responsible Ownership
TowerBrook's philosophy is deeply rooted in its Responsible Ownership™ principles, which have been central to its value creation strategy. By partnering with experienced managers and advisors, the firm enhances the capabilities and prospects of the businesses it invests in, ultimately benefiting all stakeholders involved.
Global Footprint and Impact
Since its inception in 2001, TowerBrook has invested in over 90 companies across the Atlantic, demonstrating resilience and growth in its operations. Uniquely, it has become the first mainstream private equity firm certified as a B Corporation, highlighting its leadership in adhering to environmental, social, and governance (ESG) standards. This commitment underlines the firm’s dedication to responsible business practices.
What Lies Ahead for TowerBrook and Battea?
The exit from Battea-Class Action Services allows TowerBrook to potentially refocus on other investment opportunities that align with its strategic goals. This transition not only showcases TowerBrook's agile investment strategies but also highlights Battea's promising future under the umbrella of SS&C Technologies, where it can thrive and continue to innovate in the claims management space.
Frequently Asked Questions
What prompted TowerBrook Capital Partners to sell its stake in Battea?
The decision to sell stems from a strategic move to realign its investment portfolio and focus on other growth opportunities.
How long has Battea been operating in claims management?
Battea has been a key player in securities claims management for over 20 years.
Who acquired Battea-Class Action Services?
Battea was acquired by SS&C Technologies Holdings, Inc., enhancing its service capabilities.
What is TowerBrook Capital Partners known for?
TowerBrook is recognized for its disciplined investment strategies and a strong commitment to responsible ownership and ESG principles.
What does the future hold for Battea after the acquisition?
With the acquisition by SS&C, Battea is well-positioned to expand its services and navigate the complexities of claims management more effectively.
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