Sanne Group plc (“Sanne”) has entered into an agreement to acquire STRAIT, a successful Dallas based fund solutions company for alternative investment firms.
STRAIT is a strategically important acquisition which will further expand Sanne’s US footprint into the world’s largest alternatives market. The acquisition will also help to establish a central presence in the US, adding to Sanne’s New York and San Diego offices.
STRAIT’s proven management team and strong entrepreneurial culture are well aligned with Sanne’s own emphasis on service excellence.
The transaction is expected to complete later today.
Our aim is to be the best in the industry which means building a leading US business, both organically and through strategic acquisitions. STRAIT has an impressive track record of growth, a strong management team and the same focus on high quality client service to the alternative investment industry. We look forward to working alongside them to contribute to the continued success of our combined teams over the years to come.”
I started STRAIT in 2006 to build a high-touch business model that would focus on client service excellence for investment funds and their stakeholders. Joining a sophisticated global team of Sanne’s reputation and expertise is a testament to the professionalism we have built into our business and the amazing talent of our people.”
We are delighted to be joining Sanne, the leading global provider in alternative investment servicing. Our closely aligned values and commitment to client service made Sanne a natural choice. The acquisition will allow us to provide our clients a global offering including complementary services and best-in-class technology and at the same time, offer our people opportunities for career development and continual learning. We look forward to working alongside Sanne to deliver exceptional global, institutional-quality services to alternative investment firms and investors that will facilitate their growth and success.”