SGG Group is pleased to announce that regulatory approvals have been received and the transaction to acquire Augentius has successfully completed.
This acquisition reinforces our Group’s position as the world’s fourth largest independent investor services firm and one of the top three independent administrators to the global alternative investment community, with the deal growing our total assets under administration to over US$400 billion as well as further strengthening our reach and footprint.
The services offered by Augentius will complement our current funds offering, including a leading technological platform and experienced and specialist teams with a reputation for providing a high-quality service.
The combined business offers a complete suite of fund administration, regulatory hosting, depositary, AIFMD reporting, regulatory compliance, FATCA/CRS and investor solutions to institutional investors across 24 locations, employing over 2,450 dedicated professionals.
Augentius will continue to operate under its existing brand name until further notice.
Justin Partington, our Group Fund Solutions Leader, said:
“The completion of the Augentius’ acquisition marks a very important milestone for SGG. It reinforces our commitment to becoming the leading global partner for the alternative investment industry, offering a comprehensive spectrum of services to asset managers and their investors in all key fund domiciles.
“Over the past two years, SGG has acquired a number of industry leaders including Augentius to help us achieve our global growth ambitions. Our senior leadership team is dedicated to ensuring that those firms are well integrated to meet our overall long-term goal of creating a sustainable firm for our clients and employees.”
Ian Kelly, our new Managing Director of UK and Ireland and former CEO and Executive Director of Augentius, commented:
“This is a hugely exciting time for our combined business and everyone within it, and especially for our clients. We have found in SGG a partner that shares our values and our drive to build a sustainable business providing the highest quality of service to fund managers and their investors. The remaining Augentius executive team has re-invested in the combined business as we strongly believe in the future of this firm. We look forward to working closely with our new colleagues to bring our combined business to new heights.’’