14 Jun 2022 07:00
14 June 2022
MJ Hudson Group plc
(the "Company", "Group" or "MJ Hudson")
MJ Hudson Announces Strategic Partnership With Cork Gully
MJ Hudson, the end-to-end solutions provider to the asset management industry, today announces a new strategic partnership with leading restructuring practice, Cork Gully, providing MJ Hudson and its clients with access to the growing market for private markets fund restructurings and further extending the full-service solutions provided by the Group.
Pursuant to this partnership, Cork Gully will provide restructuring, insolvency, and supplemental and replacement manager services. The Company expects that its existing clients will have a need for these services and may prefer to access them through its trusted adviser, MJ Hudson, rather than an additional third party. MJ Hudson will also provide its existing services to Cork Gully's clients, such as regulatory advice, fund and manager domiciliation, legal services, and fund administration services.
Fund restructurings may be desirable as a result of strategic changes to an investment programme, or where a successful investment vehicle needs to restructure in order to capture additional value creation opportunities in the portfolio. Restructurings may also be necessary where the structure or a connected party is under stress due to economic, public health, or political events. There have been several high-profile restructuring cases, in recent years, including Abraaj, and, as the impacts of Covid and geopolitical upheaval are worked through, the Company expects that demand for these services will increase. Cork Gully's wide-ranging experience in restructuring and special situations is the perfect complement to MJ Hudson's deep private markets expertise.
Matthew Hudson, CEO of MJ Hudson said: "Cork Gully is a leading restructuring practice, built on a solid heritage, and I am delighted to partner with the firm. As ever, we have entered into this partnership because we believe it usefully extends the services we can provide to our clients. This will continue to be the determining factor as we assess further opportunities to add services and scale, through acquisition and partnership."
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About MJ Hudson
MJ Hudson (AIM:MJH) is the end-to-end solutions provider to the US$100 trillion+ asset management industry, specialising in its fastest growing segment, private markets (including private equity and venture capital).
The Company offers investors access to the growth in private markets as a tech-enabled 'picks and shovels' play.
Founded in 2010, by CEO Matthew Hudson (a private markets lawyer and former fund manager), MJ Hudson was admitted to the AIM market of the London Stock Exchange in 2019. The Group has grown to more than 300 professionals, serving more than 1,000 clients, across the globe, including some of the industry's largest players and 18 of the FTSE 100.
Several factors have contributed to the Group's success, to date, and support strong growth expectations, for the future:
1. Private markets are growing fast, and MJ Hudson provides the picks and shovels
2. As private markets grow, so do scrutiny and regulation, increasing the need for the Group's specialist advice and services, particularly in areas like ESG, where it has award-winning solutions
3. As it evolves, the sector is increasingly embracing technology, data, and analytics, where MJ Hudson has market-leading and award-winning tools and in which it continues to invest
4. The Group's multi-service approach creates multiple client touchpoints, building stronger, longer-term relationships, and making it easier to sell in additional MJ Hudson services
5. Performing these services generates vast amounts of data, which MJ Hudson aggregates and analyses, in order to further support its clients, by developing next-generation tools and fine-tuning existing services
For more information, please visit our website: https://mjhudson.com/
LinkedIn: www.linkedin.com/company/mj-hudson/
Twitter: twitter.com/MJHudsonCorp
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