Platforum comments on the acquisition of MFEX by Nordic Capital

At Platforum we welcome the deal between MFEX and Nordic Capital as a sign of further confidence in the platform industry.

This deal highlights the strong investor interest in the platform industry that we have seen recently. Fund platforms have become hugely influential for fund distribution and have significant opportunities ahead as MiFID II is implemented and more Asian and Latin American markets open up to foreign funds.

MFEX has already managed to grow beyond its home market in Sweden to become a truly international platform. The platform has grown its assets under administration from €10bn to €63bn between 2012 and 2016, taking it into the top ten European platforms.

This potentially changes the game for MFEX. It may go from being an interesting acquisition target to being one of the platforms that leads further consolidation in the sector. In addition, it should provide MFEX with the resources to really go for Asian markets more aggressively. Having been the fastest growing European platform for two years in a row has set the bar high and the new investors will certainly be looking for this to continue.