Dentons advises Acclime on conditional acquisition of specialist technology-led independent trustee and fund administration business, Polar 993

Australia—Dentons, the world’s largest law firm, has advised Acclime, a leading provider of corporate, governance, advisory and fund services across the Asia-Pacific region and global markets, on its conditional acquisition of Polar 993. Polar 993 is a specialist technology-led independent trustee and fund administration business headquartered in Melbourne.

This conditional acquisition follows Acclime’s (a portfolio company of Warburg Pincus) continued investment in financial services and technology, following its recent acquisitions of Bourke Group in Melbourne, Boutique Capital and Capital Architects in Sydney and Rockburgh Fund Services in New Zealand.

The strategic acquisition, once regulatory approvals are completed, will combine Polar 993’s advanced technology platform into Acclime’s regional platform extending Acclime’s fund services capabilities across Australia, New Zealand and globally. Polar 993 provides institutional-grade trustee, responsible entity, fund accounting, custody, registry and compliance services to fund managers across the private equity, venture capital, private credit and real estate asset classes.

Denton’s transaction team was led by Corporate & Financial Services partner Michelle Segaert, with support from Associate Chris Allison and Solicitor Celena Gao, with specialist expertise from Intellectual Property and Technology Partners Michael Park and Joy Atacador, and Employment Partner Persephone Stuckey-Clarke.

Michelle Segaert commented: “Our Dentons team is delighted to work with Acclime on this strategic acquisition, which reinforces Acclime’s strategy of building a leading regional professional services platform with expanded capabilities in fund administration and trustee services. The addition of Polar 993 brings a team led by Adam Lindell, focused on enhancing the client experience using advanced technology-led client solutions and a proven operating system complementing Acclime’s growing global fund services business.”