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Sanne enters into an agreement to acquire leading Scandinavian private equity fund administrator

News 7 December 2020

Sanne enters into an agreement to acquire leading Scandinavian private equity fund administrator

Announcement

Sanne Group plc has entered into an agreement to acquire Private Equity Administrators (“PEA”), a leading Scandinavian headquartered private equity fund administrator.

Formed by its current owners in 2007, PEA specialises in providing boutique fund administration and depositary services to alternative fund structures. The business is headquartered in Denmark and has operations in Sweden and Guernsey, with over 55 employees, upwards of EUR27bn of assets under administration and supports both onshore and offshore pan-European funds.

PEA is a strategically important acquisition which will further expand Sanne’s geographical footprint and its offering into the important Scandinavian markets of Denmark and Sweden, which have strong underlying growth characteristics. The acquisition will also provide an opportunity to significantly increase the scale of the Group’s Guernsey operations with the potential to drive cost synergies going forward.

PEA's proven management team and strong entrepreneurial culture are well aligned with Sanne’s own emphasis on service excellence.

Pending regulatory approval from the relevant bodies, the transaction is expected to complete in the first quarter of 2021.

The acquisition of PEA is a further demonstration of our strategic ambition to expand our alternatives-focused client service offering and geographical footprint. PEA has demonstrated strong growth in recent years and we look forward to working with PEA’s proven and entrepreneurial management team to provide excellent service within our expanded client proposition.”

Martin Schnaier
Chief Executive Officer, Sanne Group

“Having long prided ourselves in “being the local specialist”, we are excited to be joining Sanne. We know that by combining our expertise with a global company of Sanne’s stature and reputation we will provide clients with access to an extensive array of services.”

Peter Toyberg and Lars Møller Andersen
Co-founders of PEA