BlackFin Capital Partners has closed its BlackFin Financial Services Fund II with aggregate commitments from European institutional investors and family-offices in excess of EUR400 million, and has started to invest and deploy the fresh capital raised.
In August, BlackFin signed an agreement to purchase from The Royal Bank of Scotland plc its Luxembourg-domiciled independent management company and funds governance business, RBS (Luxembourg) SA (RBSL). The deal was completed on 31 December following the approval by the Luxembourg regulator (CSSF).
BlackFin has renamed the company FundRock and has the ambition to position it for the long term as the leading European independent player in its market.In August, BlackFin signed an agreement to purchase from The Royal Bank of Scotland plc its Luxembourg-domiciled independent management company and funds governance business, RBS (Luxembourg) S.A. (RBSL). The deal was completed on December 31st following the approval by the Luxembourg regulator (CSSF). BlackFin has renamed the company FundRock and has the ambition to position it for the long term as the leading European independent player in its market.
In September, BlackFin acquired a controlling stake in the leading French health and protection insurance broker Santiane. Santiane Group operates two business lines: direct insurance brokerage, and wholesale brokerage, through a network of more than 500 retail brokers. Alongside its founder and management team, BlackFin will support the company’s rapid growth in its current business lines and recently launched new products.
In October, BlackFin acquired a controlling stake in New Access Banking Software, a Geneva based leader in financial software for private banks across the globe. Leveraging the ever increasing regulatory, confidentiality and compliance requirements for private banks, BlackFin will support the founders and managers of the company to grow in Europe, Latin America and Asia.
Laurent Bouyoux, Managing Partner of BlackFin Capital Partners, says: “Our three first deals in Fund II demonstrate how attractive the opportunity for BlackFin is, but also our ability to source unique transactions across continental Europe. Sellers see us as a nimble and professional counterpart to engage with. Management teams recognise our track-record of supporting successful companies and making them outperform competitors.”
fter 21 Partners’ Polish branch, 21 Concordia, closed its debut fund reaching its EUR100 objective. In France, 21 Centrale Partners is launching Fund V having recently completed the investment program of 21 Centrale Partners IV with the acquisition of Impact, the French independent leader in operational marketing.