and Waystone’s management team as key shareholders in the company after announcing a £31.8 million investment in the institutional governance, risk and compliance services business.
The new investment comes just six months after Montagu took a significant stake in the business in a deal that valued the company at more than $1 billion, including debt. Waystone was formed as a result of a merger between two-Dublin headquartered companies -MontLake and DMS, and MDO, a Luxembourg-based UCITS management firm and alternative investment fund management, in 2020., the company employs over 500 people, of which around 200 are based locally. It announced 100 new jobs for Tipperary last year.“We’re impressed with what Derek and his team have achieved over the last decade. Hg knows the sector well, having invested around $4.