Tech due diligence advising Westbridge’s Fund III investment in Causeway Securities

Equator is delighted to support on another transaction

Headquartered in Belfast, Causeway represents WestBridge’s first Northern Ireland-based investment. 

Causeway Securities acts as an intermediary between blue-chip investment banks and its 300+ strong client base of wealth managers, IFAs, insurance companies and credit unions. The company’s global footprint includes the UK, US and other international jurisdictions, and is focused on continuing its rapid international expansion, with a particular focus on the US. 

The company was established in 2016 by CEO, Conor O’Donnell, who led the transaction alongside Joe McDaniel (chief compliance officer). Conor and Joe are supported by an exceptional leadership team across the UK and US offices, including Don Brudie (US CEO) and Andrej Ogorevc (chief investment officer). 

The WestBridge transaction team comprised James MacLeay and Peter Barkley, who both join the Causeway Securities board as directors, and Luke Gilbert, who becomes a board observer and will coordinate value creation initiatives. 

James MacLeay, investment director at WestBridge, said: 

“Causeway Securities is just the sort of business we are keen to back. It operates in a niche and growing market and has already demonstrated strong organic growth and high client retention through exceptional service.  There is a real hunger within the management team for geographic expansion through both organic and acquisitive growth initiatives. 

Technology Due Diligence Services  

We supported the transaction with comprehensive technology due diligence covering suitability of systems, scalability and resilience of IT systems and software, assessment of proprietary technology, cyber security approach, tech and product team capabilities and assessment of the forward technology roadmaps.