Sanne to acquire European funds business for £54m

clock • 1 min read
Sanne to acquire European funds business for £54m

Sanne, the global provider of alternative asset and corporate services, is to acquire the European fund administration business of PraxisIFM Group for £54m. The deal adds over 80 employees and more than £25bn of assets under administration to Sanne, with offices in Guernsey, Jersey, London, Luxembourg and Malta. The total cash consideration of £54m is payable upon completion and will be funded from the Group's existing resources., Sanne said in a statement. It added that the "strateg...

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