Get in touch

FE fundinfo acquires Zenith Group

  • Deal brings together two of the leading investment research and fund ratings providers in Europe and APAC
  • Combines a complementary set of adviser and asset manager-focused data and technology services to create an enhanced offering for the global investment industry
  • The deal is the latest development in FE fundinfo’s growth strategy for expansion, following the acquisitions of CSSP, CashCalc and FundConnect over the past year

FE fundinfo, a global fund data and technology leader, has acquired Zenith Group (including Zenith Investment Partners and Chant West), a well-respected research, ratings, managed accounts and adviser technology provider in the APAC region.

The deal brings together two of the leading fund data and research providers in Europe and the APAC region with a complementary set of asset manager and adviser-focused services.

A well-established and respected investment partner for financial advisers in Australia, Zenith Group was founded 20 years ago and, in that time, has grown to support financial advisers with research ratings on over 1,000 investment and superannuation products and more than 150 investment portfolio solutions. As one of the first multi-asset managed account providers in Australia, Zenith now manages in excess of AUS $3 billion in assets for advisers, on behalf of their clients.

As a leading independent fund data provider to European asset managers and distributors, with offices in key fund centres such as London, Luxembourg and Zurich, FE fundinfo’s mission is to connect the investment industry. This is achieved by bringing greater transparencies and efficiencies to the sector through the provision of high-quality data, investment research and fund ratings. Providing the global investment industry with the very best tools and services to support their clients, and with many shared stakeholders, is an ethos shared by the team at Zenith Group. 

With an office in Sydney since 2014, FE fundinfo continues to build its position in the APAC region as one of the market leaders in connecting the fund industry, having also acquired investor publications Money Management and its sister publication, Super Review, in 2017. Globally, FE fundinfo has a headcount of 838 and operations in Australia, the UK, France, Germany, Switzerland, Luxembourg, Denmark, Italy, Spain, Czech Republic, India, Hong Kong and Singapore. Worldwide, it works with almost 1,000 leading asset managers, fund managers and fund distributors, including 60 of the top 100, and close to 4,000 financial advisers.

The announcement is the latest development in FE fundinfo’s growth strategy, a key element of which is supported by M&A activity. The acquisition follows deals with ESG specialists CSSP at the end of 2020 and in 2021, cashflow planning provider CashCalc and fund data technology company FundConnect.

Advising on the deal for Zenith Group were Highbury Partnership (financial) and Clifford Chance (legal), while for FE fundinfo, Deloitte and Allens provided financial & tax and legal due diligence and advice respectively.

David Wright, Chief Executive Officer at Zenith Group, said: 

“The acquisition presents a really exciting opportunity for the broader Zenith Group and I am looking forward to working with FE fundinfo to expand our research, data and technology solutions offering to Australian clients, while also giving us the opportunity to explore a global reach. Management  are in agreement that there’s excellent alignment of values and purpose across the two organisations, and a  belief that together, we can create a really compelling premium service for advisers, fund managers, super funds and institutional clients.”

Hamish Purdey, Chief Executive at FE fundinfo, said:  

“As factors such as increasing regulation, the growth in ESG investing and the development of new technology all continue to revolutionise the global funds industry, there is a greater need than ever for advisers and asset managers to have access to the very best data, ratings and research to allow their clients to make the most of the opportunities in this new landscape.

“Zenith Group holds an enviable reputation in Australia; not only for the quality of both their research and consulting services, but also for their impressive technology and data capabilities. Combined with our own expertise, data, technology and ratings services, we will be able to further support and meet the needs of the global investment industry and deliver new and even more innovative solutions for our clients.” 

Our History

FE fundinfo has been supporting the fund industry for over 20 years