Sanne Group plc has recently completed its acquisition of Avalon Trust & Corporate Services Ltd. (Avalon) in the Cayman Islands.
Founded in 2006, Avalon is a highly regarded trust and corporate services provider situated in the Cayman Islands. The acquisition of Avalon is an important deal for Sanne, adding strength to the global service provider’s Cayman Islands offering, which was established with the acquisition of Inbhear Management Services Limited earlier in 2020. The acquisition provides Sanne with a trust licence in the Cayman Islands which, allied with Sanne’s increasing footprint in Japan and the wider Asia-Pacific region, will enable Sanne to offer a comprehensive service in support of the administration requirements of alternative asset managers in that region.
“The acquisition of Avalon demonstrates Sanne’s continued recognition of the importance of building our presence in the Cayman Islands, one of the leading global financial services jurisdictions. We are delighted to welcome Avalon into the Sanne family and look forward to working with them as they integrate into the global Sanne network.””