#United States #Oak Brook #Ocorian #E78 Partners #Fund Solutions

E78 Partners Sells Fund Solutions Business to Ocorian

E78 Partners, a prominent advisory and managed services provider, is set to divest its Fund Solutions business to Ocorian, a leader in fund administration and compliance solutions. This strategic move is aimed at focusing on core business areas while ensuring the Fund Solutions team continues to thrive under Ocorian's comprehensive support.

The transaction, which is scheduled for completion in the third quarter of 2025, is a pivotal moment for E78 as it seeks to sharpen its concentration on Advisory and Technology Solutions. Vince Calcagno, Executive Managing Director at E78, expressed pride in the accomplishments of the Fund Solutions team, highlighting a shared commitment to client service excellence. He emphasized the importance of a partnership that fosters innovation and leverages technology, ensuring the continuation of high-quality services to nearly 200 alternative investment fund managers.

Calcagno believes that joining forces with Ocorian will not only accelerate growth but also enhance service value for clients. He remarked, "We look forward to a future filled with expansive new opportunities and continued success for our clients and people." This partnership underlines Ocorian's market position and expertise, which will empower the Fund Solutions team to continue delivering top-tier services.

John Signa, CEO of E78 Partners, indicated that this sale aligns with the company's long-term strategy to amplify its core strengths and drive sustained growth. He stated, "The sale of Fund Solutions will allow us to sharpen our focus on our core business while ensuring that Fund Solutions continues to thrive under Ocorian's ownership." Signa lauded the hard work and dedication of the Fund Solutions team and committed to facilitating a smooth transition for employees and clients during this period of change.

The deal marks a significant milestone for E78, which was established in 2016 with a vision to serve corporate leaders and private equity sponsors effectively. The company specializes in harnessing financial, technological, and transformational expertise, allowing clients to create substantial value. With the impending agreement to sell its Fund Solutions division, E78 aims to enhance its focus on supporting client needs through advisory services throughout the investment lifecycle.

The transaction is expected to close pending regulatory approvals and customary closing conditions, and E78 has enlisted the expertise of PL Advisors and Kirkland & Ellis for financial and legal support, respectively.

In summary, E78's partnership with Ocorian is not just a sale; it is a strategic entrenchment into a specialized sector that promises to offer enhanced solutions for clients while allowing E78 to channel its resources and energy into its Advisory and Technology Solutions efforts. This significant transition is anticipated to provide both organizations with vast growth opportunities in the evolving financial landscape.