Waystone, a service provider to the asset management industry, has acquiredCentaur Group, a fund administration services provider.

Centaur provides fund administration services to some of the world’s largest institutions, servicing over 120 different client groups that manage over $200 billion. Waystone is a provider of institutional governance, risk and compliance services to asset managers with more than US$1Tn in AUM. The transaction will significantly broaden Waystone’s service offering to asset managers and their investors.

Ronan Daly, founding partner at Centaur said, “The Centaur team is delighted to be joining Waystone on their growth trajectory and look forward to being able to provide fund administration services to Waystone clients, whilst still providing our existing clients with the same quality and focus as they have come to expect from us.”

Derek Delaney, Global CEO of Waystone comments, “For Waystone, this deal represents a major achievement, as with Centaur we are gaining a highly-experienced senior management team with similar culture and values and we will also gain additional global locations including New Jersey, Bermuda, and Canada. We are quietly proud that, as with KB Associates, Centaur has chosen to join the emergence of the only truly international Irish financial services firm.”