SGG Group has acquired Augentius, a global provider of alternative investment solutions to the private equity and real estate communities.
Augentius offers fund administration, depositary, regulatory and compliance solutions to institutional investors across jurisdictions, including the UK, Guernsey, the US, Luxembourg, Singapore and Hong-Kong.
The transaction, which is subject to regulatory approval, was made in association with Astorg.
According to SGG Group, the services offered by Augentius will complement its current funds offering.
Following the completion of the various acquisitions that the firm has recently announced together with Augentius, SGG Group will employ over 2350 professionals across 24 jurisdictions.
Serge Krancenblum, CEO of SGG Group, said: “This acquisition is in line with our ongoing commitment to developing our product offering and geographical reach to become the leading global partner for the alternative investment industry.”
He added: “I am very excited by the acquisition of Augentius as it represents a transformational milestone for our business. Upon completion, SGG Group will have a comprehensive global offering to the alternative investment community.”
Ian Kelly, CEO and executive director of Augentius, commented: “This is a hugely exciting opportunity as this deal will bring a wealth of new opportunities for our newly combined businesses, and especially for our clients.”
He added: “SGG Group is one of the main consolidators of the industry and we are pleased to join forces with a global investor services firm which has the ambition to build a sustainable firm for this generation and the next.’’
