Thu, 21/11/2019 - 09:34
Standish Management, a provider of fund administration services to private equity, venture capital, and real estate managers, is to acquire Halsey Group, a Luxembourg-based fund and corporate services provider dedicated to international private equity and real estate investment firms.
Terms of the deal have not been announced.
The acquisition extends Standish’s service offering and brings together Halsey’s long-tenured team and large client base across the US and UK, with Standish’s reputation and expertise across PE, VC, and Real Estate funds. The transaction is subject to regulatory approval and upon closing Halsey Group will change its name to Standish Management Luxembourg.
Owen Kiely, Head of Europe at Standish Management, says: "We are delighted to welcome the Halsey Group team to Standish as the first step in our long-term strategy of expanding our global servicing capabilities. With interest growing for European-domiciled fund vehicles, on top of the EU Alternative Investment Fund Managers Directive, Luxembourg has emerged as the leading European domicile for alternative asset funds. By joining forces with Halsey, we believe we significantly strengthen our ability to serve the evolving administration needs of our existing and future clients in Europe.”
Christophe Gammal, Managing Director of Halsey Group, adds: "Our team is delighted to join forces with Standish. Both firms share the same client-centric culture and we believe that Standish's stellar reputation of delivering best-in-class services in the US fund administration market gives us the ideal platform to further accelerate our success in building a leading European fund administration practice. The entire Halsey team is excited to further develop their careers with Standish."
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