SGG Group, which provides compliance, administration and advisory services to funds, companies, families and entrepreneurs, is to acquire Augentius, the provider of administration and depositary services to private equity and property managers globally.
The deal, which is subject to regulatory approval, would take SGG’s assets under administration to over $400bn. This marks the latest acquisition by SGG, which in the past couple of years has moved to shore up its market position and access both organic and acquired growth. Once completed, the deal would leave SGG group with some 2,350 professionals in 24 jurisdictions.
Augentius currently counts some 650 professionals, and offers fund administration, depositary, regulatory and compliance solutions across 13 jurisdictions, including the UK, Guernsey, US, Luxembourg, Singapore and Hong Kong. Through the acquisition, SGG will have what its Group CEO Serge Krancenblum said would be “a comprehensive global offering to the alternative investment community.”