Australia’s Link Group has concluded the acquisition of Luxembourg-headquartered Casa4Fund from Banor Capital, following regulatory approval from the CSSF.
Financial terms of the transaction have not been shared.
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The deal further bolsters Link Group’s Link Fund Solutions in Luxembourg.
It also provides the firm with access to Casa4Funds’ expertise in traditional and alternative asset classes including real estate, private equity, infrastructure, and debt.
The company said that it will combine the strengths, experience and capabilities of its existing fund solutions operations in Luxembourg, Ireland and the UK with that of Casa4Funds to expand its services for fund managers and financial institutions globally.
Link Fund Solutions managing director Jean-Luc Neyens said: “We are delighted to complete this acquisition of Casa4Funds, one of Europe’s oldest third-party UCITS Management Companies and AIFMs.
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By GlobalData“We are committed to reinforcing our position as one of Europe’s leading independent ManCos and Authorised Fund Managers.
“We welcome Casa4Funds’ experts to our business with their wealth of experience across traditional and alternative asset classes, and their solid knowledge of Europe’s main asset management centres.”
In 2017, Link Group agreed to take over Capita Asset Services, the UK-based asset management services business of outsourcer Capita, for £888m.
The same year, the company also purchased local digital advice firm Adviser Network from Lonsec Fiscal Holdings.
It also partnered with fintech innovation hub Stone & Chalk in 2017 to support the start-up community to encourage innovation in financial services.
Luxembourg moves by other firms
Luxembourg, which is deemed to be Europe’s largest investment fund centre, has been witnessing a slew of consolidation activities of late.
Recently, KB Associates finalised the acquisition of Luxembourg-based EFG Fund Management, a subsidiary of Swiss private banking group EFG International.
In July this year, Union Bancaire Privée signed a deal to buy Danske Bank’s wealth management business in Luxembourg, operating through Danske Bank International.
Last December, Davy Global Fund Management, the management company business of Irish wealth manager Davy Group, acquired Luxembourg-based third-party fund management company Novacap Asset Management.
