SANNE, a leading global provider of alternative asset and corporate administration services, has announced that its deal to acquire Luxembourg Investment Solutions S.A. (“LIS”) and Compliance Partners S.A. (“CP”), has now completed.
LIS is a leading third-party AIFM headquartered in Luxembourg with a branch in Dublin. Clients are spread across Private Equity, Real Estate, Private Debt and Infrastructure Funds. LIS is regulated under the supervision of Commission de Surveillance du Secteur Financier (CSSF).
CP primarily provides unregulated services, including corporate services, for both LIS and external clients, enabling clients to have a physical presence in Luxembourg.
This transaction is consistent with SANNE’s stated strategy to supplement strong organic growth with complementary acquisitions which enable the business to take advantage of a consolidating market and diversify its client base, geographic positioning and service offering. The Acquisition will provide SANNE with a leading platform in Luxembourg, a globally significant market, from which to broaden its services to existing alternatives clients and improve SANNE’s competitive positioning in attracting new clients. The Acquisition follows SANNE’s recently granted licence by the Central Bank of Ireland to provide services from its Dublin operation, further strengthening the Group’s ability to provide integrated fund administration, depositary and AIFM services to its global alternatives clients. The Acquisition will also enable SANNE to leverage the Group’s integrated technology platforms and expertise across its global footprint.
Now that the transaction has completed, LIS will operate as a standalone divisional business within SANNE’s EMEA Alternative Segment. There will be operational alignment with regards to control functions as well as a collaborative approach on business development in order to leverage synergies.
This activity will enable SANNE's Luxembourg colleagues to continue to grow their own business whilst also enabling others business divisions across the SANNE business to maximise the market opportunities and cross-sell initiatives.
Read the full press release here.
