IQ-EQ, an Astorg portfolio company, has acquired Greyline Partners (Greyline), a US provider of governance and regulatory compliance solutions for private equity, venture capital, hedge funds and investors.
Founded in 2016, Greyline provides a range of services including regulatory compliance, management consulting and governance, outsourced operations and middle-office services, outsourced finance, accounting and back-office services.
Led by managing partner, Matt Okolita, Greyline employs 56 people across its six offices located in San Francisco, Dallas, New York, Chicago, Boston and London.
IQ-EQ’s acquisition of Greyline supports its expansion into the US market, where it employs more than 500 people with plans to significantly grow this number in 2022.
The Greyline acquisition follows IQ-EQ’s acquisitions of Constellation Advisers and Concord Trust Company earlier this year.
Serge Krancenblum, group executive chairman of IQ-EQ Group, comments: “The acquisition of Greyline Partners marks another key milestone in our US growth strategy and brings with it significant potential to combine our collective expertise for the benefit of our clients and our employees not just in the US, but group wide.”
Mark Fordyce, IQ-EQ regional CEO, the Americas says: “Welcoming Matt and the Greyline Partners team to IQ-EQ is something we’re incredibly excited about. For our combined team of more than 500 talented individuals, this latest acquisition promises unrivalled opportunities, personal development and training as part of an entrepreneurial and highly driven team.
“We have ambitious plans for the future and having the Greyline Partners team join us fits very well into these plans.”
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