SGG Group is pleased to announce the acquisition of Viacert (Pty) Ltd. Based in South Africa, Viacert is a boutique provider of financial statement preparation services to the global investment fund industry.
This acquisition strengthens our service offering to institutional clients through the provision of US GAAP capabilities and expands our presence in the buoyant South African market. SGG Group now has a presence in two locations in South Africa: Pretoria and Johannesburg.
Viacert was founded in 2015 by Adriaan Loubser who was then joined by Louis Greyling. Two South African chartered accountants who together bring over 25 years of experience to the business; 14 of which were in the Cayman Islands, primarily as auditors in PwC’s funds division. They will both remain with the SGG Group combined business.
Commenting on the announcement, Justin Partington, our Group Fund Solutions Leader, said:
“Africa has been identified as a significant growth opportunity for SGG Group, with a particular focus on alternative assets administration. The acquisition of Viacert provides us with a platform to broaden our current offering to institutional clients and build our presence in South Africa.”
Adriaan Loubser, founder of Viacert, commented:
“We are delighted to become part of SGG Group, which has considerable experience across the international fund industry and a firm focus on client satisfaction. We are excited about SGG’s growth aspirations in South Africa and look forward to playing our part in realising this ambition over the long term.”