Opus Fund Services, the U.S.-based independent administrator, has acquired the fund administration unit of Advanced Fund Administration, which has offices in the Cayman Islands and New Jersey. Before this deal, AFA provided multiple lines of business to its hedge fund clients, consisting of legal, advisory and compliance services. AFA’s fund administration clients are now scheduled…
Category: M&A
Link sells South African registry business to JSE
Link Group, the Australia-based administrator, has agreed to sell its 74.85pct holding in Link Market Services South Africa to JSE Limited. Link Group will receive proceeds of R224.5m. Link Group entered the South African registry market in 2006. JSE is Africa’s largest multi-asset class stock exchange.
Ultimus to Acquire LeverPoint Management
Ultimus Fund Solutions has agreed to acquire LeverPoint Management, a U.S.-based provider of fund administration and support services to private equity, venture capital and real estate managers. Ultimus’ private fund business will operate as Ultimus LeverPoint Private Fund Solutions and will provide administration for approximately USD90bn of private fund assets across 230 clients. In total,…
C.I. consolidation as Oak and Fairway agree to merge
05AUG19: Oak and Fairway Group, both C.I.-based administrators, plan to merge. Fairway is an owner-managed fiduciary business with over 100 employees offering trust, corporate, fund administration and pension services in Jersey. Oak, a private client, corporate services and fund administration business, has its HQ in Guernsey, with offices in the Isle of Man, Jersey, Luxembourg,…
IQ-EQ buys Peru & Partners
29JUL19: IQ-EQ (formerly SGG Group), the Luxembourg-based administrator, has acquired Peru & Partners, a Paris-based consulting firm and fund administrator dedicated to the private equity market. The acquisition adds to IQ-EQ’s existing Paris-based business, Equitis. Established in 2009 by its principal, Sebastien Peru, the business will add fund administration, CFO services, GP and portfolio company…