Butterfield Fulcrum Acquired By Mitsubishi UFJ

BV Investment Partners [BV] announced the sale of Butterfield Fulcrum — which maintains offices on Burnaby Street in Hamilton –  to Mitsubishi UFJ Trust and Banking Corporation [MUTB].

Justin H. Harrison, a Managing Director at BV, said, “We were delighted to partner with Glenn and Tim to help transform the company. After we acquired the business, the new company instituted a renewed focus on client service, launched technology-enabled products, and overhauled its software and IT development capabilities.

“The company also initiated an active sales outreach effort that resulted in significant new business from both existing and new clients. After two years of very strong growth under our ownership, we are confident the company will continue to capitalize on its potential and grow further as a valuable asset within a global financial services institution like MUTB.”

Glenn Henderson, Chief Executive Officer of Butterfield Fulcrum, said, “It was a great pleasure to work with the BV team whose knowledge of the information services sector and support helped us grow the business. We are excited to enter this new partnership with MUTB as it is a very positive move for the company and our clients.”

Vikrant Raina, Managing Partner of BV, added, “This transaction demonstrates our strategy of backing strong management teams and leveraging our core expertise to grow and transform businesses. This was the largest investment from our Fund VII and we are delighted to achieve a very successful outcome for our investors over this two-year period.”

#BermudaBusiness

Category: All, Business