Alternative investment company Duet Group has acquired Antwerp-based wealth management firm Merit Capital, the firm announced.
The deal, approved by the National Bank of Belgium, will see around 2,000 clients added to the Duet portfolio and aims at expanding Duet’s European wealth management platform and diversify its business line.
In a statement, Duet said the decision to acquire Merit Capital followed the reorganisation of the group in to 3 business units. The group purchases stakes in asset managers focusing on private equity, hedge/long-only fund and wealth management.
Founded in 2002, Duet Group has offices in London (HQ), New York, New Delhi and Accra while Merit Capital has been established in 2001.
