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Mainspring Fund Services Limited

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Year established

2010

Location

London UK

Primary Industry

Financial Services

About

Based in the UK, and founded in 2010, Mainspring Fund Services Limited, also known as Mainspring, operates as a fund service provider. The company was founded by its CEO Stephen Geddes. In September 2022, Apex Group Ltd., a portfolio company of Carlyle Group, TA Associates, Mubadala Investment Company, and Genstar Capital Partners, agreed to acquire Mainspring. Mainspring provides accounting and administration services to both private equity and venture fund managers through its two administrative enterprises: Mainspring Fund Services and Mainspring Nominees Limited. The services offered by the company include fund services, jurisdictions, reporting services, corporate services, fund governance, ESG and portfolio services, and fund lifecycle.
Current Investors
Apex Group Ltd.

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Primary Industry
Financial Services
Sub Industries
Accounting Services, Investment Banking, Private Equity
Website
www.mainspringfs.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin
31 Mar 2013
335,843
-
2,131
0.6%
2,180
0.6%
1,081
0.3%
31 Mar 2014
581,464
73.1%
360
0.1%
2,656
0.5%
236
0%
31 Mar 2015
993,681
70.9%
85,092
8.6%
89,726
9%
66,895
6.7%
31 Mar 2016
1,454,691
46.4%
176,912
12.2%
185,898
12.8%
141,486
9.7%
31 Mar 2017
1,737,102
19.4%
92,748
5.3%
103,854
6%
(173,716)
(10%)
31 Mar 2018
2,204,742
26.9%
185,230
8.4%
204,918
9.3%
144,955
6.6%
31 Mar 2019
2,616,317
18.7%
100,755
3.9%
122,117
4.7%
90,803
3.5%
31 Mar 2020
3,500,721
33.8%
175,876
5%
201,888
5.8%
142,359
4.1%
31 Mar 2021
31 Mar 2022
31 Mar 2023

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Deals

Deals Type
Add-on
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Mainspring Fund Services Limited 01 Sep 2022
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