Sanne Group plc announced it has completed its acquisition of the Fund Services Division (Fund division) from the PraxisIFM Group.
Initially formed in 2005, the Fund division is one of the leading players in the European listed funds sector and augments Sanne’s existing presence in this important market. It also increases Sanne’s footprint in important European Private Equity markets. The transaction adds over 80 employees and more than £25 billion of assets under administration to Sanne, with offices in Guernsey, Jersey, London, Luxembourg and Malta. Sanne and the Fund division have a close cultural alignment, sharing a strong focus on delivering high quality client service.
The Fund division acquisition, which completed on 1 December 2021, is a strategically important acquisition and further reinforces Sanne’s position as a leading full-service provider, and will increase Sanne’s presence in the locations mentioned above.
The acquisition of the Fund division adds to Sanne’s continued momentum in expanding and diversifying our client service proposition. The addition of the Fund division into our existing business will provide further specialist expertise to our existing and new clients. We look forward to welcoming the team to Sanne”
We are very excited to be joining Sanne. Being part of such an innovative company will naturally add value to our clients going forward and will help us to continue to meet the ever increasing global service requirements.”