AMIF acquires three Amicorp Group entities
20 January 2025 UK
Image: Aan/stock.adobe.com
Amicorp FS (UK) has acquired three entities from the Financial Markets and Management Services divisions of the Amicorp Group, following the announcement earlier this month of the share and purchase agreements.
The first transaction involves the transfer of Amicorp Financial Services Philippines (AFSP), and Amicapital Services Limited (Amicapital).
The second transaction will comprise the transfer of Amicorp Trustee (India) Private Limited (ATIPL).
The company says this acquisition expands AMIF's service offerings and geographic reach, particularly in the rapidly growing Indian market.
AFSP and Amicapital specialise in business process outsourcing (BPO) services, including accounting, administration, and back office support.
The firm says these services complement AMIF's existing offerings and add scale, with a key client, one of the global leaders in credit ratings and research, expected to contribute approximately US$1 million in recurring annual revenue.
Kin Lai, CEO of AMIF, comments: "These acquisitions strengthen our service offering for family offices, asset managers, and institutional investors. Thoroughly reviewed and approved, it meets all regulatory and governance requirements and is in the best interests of the company and our shareholders. We are now focused on seamlessly integrating the new entities to maximise value."
The first transaction involves the transfer of Amicorp Financial Services Philippines (AFSP), and Amicapital Services Limited (Amicapital).
The second transaction will comprise the transfer of Amicorp Trustee (India) Private Limited (ATIPL).
The company says this acquisition expands AMIF's service offerings and geographic reach, particularly in the rapidly growing Indian market.
AFSP and Amicapital specialise in business process outsourcing (BPO) services, including accounting, administration, and back office support.
The firm says these services complement AMIF's existing offerings and add scale, with a key client, one of the global leaders in credit ratings and research, expected to contribute approximately US$1 million in recurring annual revenue.
Kin Lai, CEO of AMIF, comments: "These acquisitions strengthen our service offering for family offices, asset managers, and institutional investors. Thoroughly reviewed and approved, it meets all regulatory and governance requirements and is in the best interests of the company and our shareholders. We are now focused on seamlessly integrating the new entities to maximise value."
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