Luxembourg-based investor services firm SGG Group has agreed to acquire Lawson Conner, a UK-based provider of regulatory infrastructure software and managed compliance services to the global investment industry, for an undisclosed sum.
Lawson Conner operates a platform that offers end-to-end compliance and regulatory solutions to institutional clients. SGG said that the solutions will strengthen its AIFM capabilities in the European institutional investors’ market.
SGG Group CEO Serge Krancenblum said: “At SGG, we are dedicated to providing a full suite of solutions to help our clients respond to today’s regulatory challenges so that they can focus on their core competencies, and it was important for us to find the best regulatory and compliance solutions available on the market.
“The acquisition of Lawson Conner represents a natural extension of our current offering to institutional clients by providing outsourced compliance and regulatory services based on the latest technology platforms. We are thrilled to be able to offer our clients a new set of services that will allow them to reduce their costs while reducing regulatory risk.”
The transaction is expected to be completed by August this year, subject to regulatory approval.
Lawson Conner co-founders and managing directors Gerhard Grueter and Jurgen Gebhard said: “Becoming part of SGG Group will allow our firm to accelerate its market reach and allow us to provide enhanced solutions to our clients.’’
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By GlobalDataThe latest deal comes shortly after SGG’s acquisition of Iyer Practice, a family-run advisory and compliance services provider for corporates and private clients in Singapore and Hong Kong.