Hogan Lovells has advised Five Arrows Principal Investments, the mid-market private equity fund backed by the Rothschild Group, and Camwell Management LLP on its investment in Pirum Systems Limited. The transaction signed on 4 February 2015.

Pirum is the leading provider of post-trade market infrastructure technology for the securities finance industry, with a comprehensive portfolio of post-trade services enabling customers in the wholesale securities finance markets to electronically connect to both their counterparties and other market infrastructure providers. The Company’s services are used by both borrowers and lenders as a critical element of their post-trade processes for securities lending, repos and any associated collateral transactions.

Upon completion, which is subject to regulatory approval, Donal Smith of Camwell will join Pirum’s board of directors as non-executive chairman. Rupert Perry and Jeff Armstrong, the two co-founders of Pirum, will remain with Pirum and continue as shareholders in the company.

The Hogan Lovells team advising was led by London private equity partner Amit Nayyar, with associate Rebecca Pugh.

Commenting on the transaction, Amit said:
"This is an important strategic investment for our clients, whose investment will provide the means to grow and develop the portfolio of Pirum services to support its customer base in an increasingly complex regulatory environment. Our market leading regulatory practice means we are ideally placed to advise on complex deals in highly regulated sectors such as the securities finance industry, at the heart of which is Pirum".