SGG Group completes acquisition of Augentius
December 7, 2018
SGG Group, a leading investor services firm, backed by Astorg, is pleased to announce that regulatory approvals have been received and the transaction to acquire Augentius has successfully completed.
This acquisition reinforces SGG Group’s position as the 4th largest independent investor services firm and one of the top 3 independent administrators to the alternative investment community in the world, with the deal growing its assets under administration to over USD 400 billion, and further strengthens its reach and footprint.
The services offered by Augentius will complement SGG Group’s current funds offering, including a leading technological platform and experienced and specialist teams with a reputation for providing a high quality service.
The combined business offers a complete suite of fund administration, regulatory hosting, depositary, AIFMD reporting, regulatory compliance, FATCA/CRS and investor solutions to institutional investors across 24 locations and employing over 2450 dedicated professionals.
Augentius will continue to operate under its existing brand name until further notice.
Justin Partington, Group Fund Solutions Leader at SGG, said:
“The completion of the Augentius’ acquisition marks a very important milestone for SGG. It reinforces our commitment to become the leading global partner for the alternative investment industry, offering a comprehensive spectrum of services to asset managers and their investors in all key fund domiciles.
Over the past two years, SGG has acquired a number of leading industry leaders including Augentius to help us achieve our global growth ambitions and our senior leadership team is dedicated to ensuring that those firms are well integrated to meet our overall long term goal of creating a sustainable firm for our clients and employees.”
Ian Kelly, Managing Director of UK and Ireland and former CEO and Executive Director of Augentius, commented:
“This is a hugely exciting time for our combined business, everyone within it and especially for our clients. We have found in SGG a partner that shares our values and our drive to build a sustainable business which provides the highest quality of service to fund managers and their investors. The remaining Augentius executive team has re-invested in the combined business as we strongly believe in the future of this firm. We look forward to working closely with our new colleagues to bring our combined business to new heights.’’
Astorg is a European private equity firm with total funds under management of over €4 billion. Astorg seeks to partner with entrepreneurial management teams to acquire European companies and create value through the provision of strategic guidance, experienced governance and adequate capital. Astorg enjoys a distinct entrepreneurial culture, a long-term shareholder perspective, and a lean decision-making body enhancing its reactivity. Though not specialized, Astorg has gathered a valuable industry expertise in healthcare, business-to-business professional services, and technology-based industrial companies. Astorg has offices in London, Paris, Luxembourg, Frankfurt and Milan, plus Senior Advisors based in Zurich, Paris and London.
SGG Group is a leading global investor services firm providing a comprehensive range of compliance, administration, asset and advisory services to alternative investment funds, international companies, international families and entrepreneurs.
SGG Group has over 600 funds with Assets under Administration exceeding USD 400bn.
SGG Group is among the most flexible providers in the sector and our entrepreneurial spirit drives us to find the best solutions for our clients.
We help our clients realise their ambitions as they seek to keep pace with a changing environment. SGG Group attracts and retains the most experienced experts and invests in the industry’s leading technology platforms to deliver the highest quality service to our clients.
For more information on SGG Group, please visit: www.sgggroup.com.