NEW YORK--(BUSINESS WIRE)--Today TowerBrook Capital Partners L.P. (“TowerBrook), the New York and London-based international investment firm, announced the exit of its minority investment in Battea-Class Action Services (“Battea”), a provider of securities claims management services, as part of the sale of Battea to SS&C Technologies Holdings, Inc.
Battea-Class Action Services is a major global player and expert in all stages of filing and processing settlement claims in connection with antitrust and securities litigation. The company has been operating in the space for more than 20 years, serving over 900 institutions around the world, including many of the world's largest banks, hedge funds, asset managers, and buy-side investors. Battea is optimally positioned to help clients navigate the increasingly complex process of obtaining trustworthy information about litigation settlements impacting their investments and businesses.
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
About TowerBrook:
TowerBrook Capital Partners is a purpose-driven, transatlantic investment management firm with assets under management of $21.5 billion. As a disciplined investor with a commitment to fundamental value, TowerBrook seeks to deliver superior, risk-adjusted returns to investors on a consistent basis, guided by TowerBrook Responsible Ownership™ principles which are central to the firm’s value creation strategy. TowerBrook partners with talented, experienced managers and senior advisors who share the firm’s values and support its investment objectives, providing capital and resources to transform the capabilities and prospects of the businesses in which it invests, driving better outcomes for all stakeholders. TowerBrook takes an entrepreneurial, multinational, single-team approach and since inception in 2001, has invested in more than 90 companies on both sides of the Atlantic. TowerBrook is the first mainstream private equity firm to be certified as a B Corporation, demonstrating leadership in its commitment to environmental, social and governance (ESG) standards and responsible business practices. For more information, please visit www.towerbrook.com