SANNE’s acquisition of leading Luxembourg-based fund and corporate administration business completes

Dean Godwin

Dean Godwin, Chief Executive Officer

06 February 2018

SANNE, a leading global provider of alternative asset and corporate administration services, is pleased to announce 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 our 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.

Dean Godwin, Chief Executive Officer of Sanne Group plc, commented:
“The addition of LIS and CP into our existing Luxembourg operations is a significant development for us. The acquisition will add further quality and scale to our existing business whilst also deepening our alternative asset service offering with a market leading AIFM service in Luxembourg. LIS and CP are led by a highly experienced and respected team that has established a platform with a focus on providing its clients with the highest quality services. This closely aligns with our own philosophy. Luxembourg is an important jurisdiction for us as we continue to work with, and service, international alternative asset managers launching funds in Europe.”

Dr Thomas Goergen, Founding Managing Partner at LIS commented:
“We are very excited to be joining SANNE. Being part of a global business will enable us to access an extensive range of complementary services from across the Group. These will naturally add value to our clients going forward and will help us to continue to meet the ever increasing global service requirements from them.”

For more information about LIS and CP, please visit lis-aifm.com / compliance-partners.lu

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