Inversis, a 100ct subsidiary of Spain’s Banca March specialising in global solutions for financial asset distribution, has agreed to acquire 40pct of Adepa, a Luxembourg-based group providing management and administration services for investment vehicles (UCITS and alternative funds, including real estate and venture capital), which has operations in Luxembourg, Spain, Italy and Chile. The agreement…
Category: M&A
Apex to acquire Darwin
Apex plans to acquire Darwin Depositary Services, a Netherlands-based provider of depositary services for alternative investment funds. Darwin will add EUR4.5bn (USD4.7bn) of assets, expanding the geographic scope of Apex’s independent depositary services, currently delivered through subsidiary European Depositary Bank in Luxembourg, Ireland, UK and Malta. Darwin’s management team will join Apex following completion of…
TMF acquires in UAE
TMF Group, a Netherlands-based provider of compliance and administrative services, has acquired Etive Consulting, a UAE-based company providing compliance advisory, governance support, and AML services, among others. The company serves start-ups and large international companies in Abu Dhabi and Dubai. As a result of the deal, eleven employees will join TMF UAE. Katrina Bradley, who…
Apex to acquire in Malta
Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…
ZEDRA acquires in Malta
ZEDRA, the provider of corporate and fund services, is to acquire AlleyBe, a Maltese corporate service provider, trustee and virtual financial asset (VFA) agent. The acquisition will add 25 new team members to ZEDRA’s existing business in Malta.
Apex to acquire Maitland
Apex has announced its planned acquisition of the fund services and third-party ManCo business operations of Maitland International Holdings plc, a South Africa-based fund services provider. Founded in 1976, Maitland provides fund services including administration, transfer agency and ManCo services to 120 investment managers and 25 fund sponsor clients. This client base includes traditional, alternative…
Centralis acquires Wheelhouse
Centralis, a Luxembourg-based corporate & fund services provider, has acquired Wheelhouse Advisors, which specialises in regulatory and prudential management, regulatory reporting, accounting and tax. Wheelhouse’s solutions are designed to reduce risk, improve efficiencies and create value. It supports more than 900 clients globally, with over USD130bn of assets under reporting. The deal follows Centralis’ recent…
ZEDRA makes U.S. acquisition
ZEDRA, the Switzerland-headquartered fund and corporate solutions provider, has signed a sales and purchase agreement to acquire Atlas Fund Services, a privately held fund administrator. The deal is subject to regulatory approval by the Centrale Bank of Curaçao and Sint Maarten. Founded in 2006, Atlas Fund Services provides alternative investment fund services to U.S.-based investment…
Suntera buys Socium
Suntera Global, the C.I.-based administrator, has acquired U.S. business Socium Funds Services. The acquisition of Socium, which requires no regulatory approval and completes with immediate effect, will strengthen Suntera Global’s offering for fund managers and provide the group with a U.S. operation for the first time, adding three North American locations to its international footprint.…
Fenergo acquires AML specialist
Fenergo, the Ireland-based client onboarding specialist, has acquired Sentinels, the Amsterdam-based AML transaction monitoring provider. As part of the acquisition, the 70 staff currently employed by Sentinels will become part of Fenergo.