Alter Domus, a provider of fund and corporate services, has secured a significant investment from funds advised by global investment firm Permira to accelerate its international growth strategy.
Founded in Luxembourg in 2003, Alter Domus has expanded its global service offer and today counts 31 offices and desks across five continents.
The international network enables clients to benefit globally from more than 1,000 experienced professionals active in fund administration, corporate secretarial, accounting, consolidation, tax and legal compliance, depositary services and debt administration services.
Permira has a long track record of partnering with financial and professional services businesses to help consolidate their positions as regional leaders. Permira funds’ investments include LegalZoom, an online legal services company in the US; wealth manager Tilney; and receivables manager GFKL Lowell.
Laurent Vanderweyen (pictured) CEO of the Alter Domus group, says: “We are delighted at the opportunity to work with Permira, a partnership which gives us the combined benefit of the strategic support, resources and capital of a leading global investment manager, while remaining an independent and majority management owned firm.
“We look forward to working together with Permira to execute our ambitious plans to expand the business and to build upon our market leading position. We are convinced that their contribution to our business will help us to broaden and strengthen our capabilities to support our clients in the international locations important to them.”
Philip Muelder, co-head of financial services at Permira, adds: “We are excited to partner with CEO Laurent Vanderweyen, the senior management team and its founder shareholders to help them develop Alter Domus into the leading global specialist administrator focused on alternative managers in the private equity, real estate and credit markets. Since it was founded 13 years ago, Alter Domus has grown from a strong market position in its Luxembourg home market with a reputation for excellent client service into a leading pan-European company. The company operates in markets which continue to offer attractive and sustainable long-term growth and we look forward to supporting it as it embarks on further international expansion and industry consolidation.”
