Microgen Financial Systems (“Microgen”) and Touchstone Wealth Management (“Touchstone”) have merged to create a leading provider of technology to the Trust and Corporate Services market.
Silverfleet acquired Microgen in May 2019 as the second investment from its lower mid-market focussed European Development Fund, with the ambition of building a market leading platform in the Trust and Corporate Services market through accelerated organic growth and M&A.
The merger of Microgen and Touchstone aims to deliver the global coverage, scale and innovation to meet the requirements of a rapidly evolving market. The combined group will be able to provide best in class technology to an expanded client base in fast-growing sectors such as alternative assets.
BDO provided financial and tax due diligence for Microgen having also supported Silverfleet at the time of the original Microgen investment.