SANNE enters into agreement to acquire Netherlands business

05 August 2016

Sanne Group plc (SANNE), the specialist provider of outsourced corporate, fund and private client administration, reporting and fiduciary services, announces today that it has entered into an agreement to acquire Sorato Trust B.V. (“Sorato”), a Netherlands based domiciliation and associated corporate services business.

Sorato has been SANNE’s business partner in the Netherlands for more than five years and the acquisition brings Sorato’s capability formally into the SANNE Group as well as delivering a regulated footprint in the jurisdiction. The transaction is due to complete within three months following receipt of the necessary regulatory approvals.

Sorato was founded in 1992 and is regulated in the Netherlands. Its core domiciliation and associated corporate services include the provision of directors, registered office, tax compliance, accounts preparation, secretarial and regulatory reporting.

Commenting, Dean Godwin, Chief Executive Officer said: “The acquisition of Sorato gives SANNE an in-house regulated capability in the Netherlands, a key jurisdiction we have identified to support our growth strategy in Europe. Sorato has a number of shared clients with SANNE and this will serve to strengthen the depth of the Group’s institutional client relationships.”

Emil Veldboer, Director at Sorato said “Becoming part of SANNE is great news for our staff and clients alike. We have been working with SANNE over the past few years, so this is naturally an evolution for our business as it will enable our clients to benefit from SANNE’s deep expertise across a number of asset classes and markets.”

For more information about Sorato and SANNE, please visit

soratotrust.nl

sannegroup.com

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