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Pictet acquires controlling interest in Pareto

Pictet Alternative Advisors (Pictet), the alternative investment business of Pictet Group, has announced its first investment through its new direct private equity team, acquiring a controlling interest in facilities manager Pareto FM (Pareto).

Founded in 2014 by Andrew Hulbert and headquartered in the UK, Pareto offers operational, maintenance and management services in buildings across the UK and globally.

To support its growth trajectory, additional financial investment from Pictet will allow Pareto to expand its service offering and serve its customer base more effec-tively by providing a broader range of compliance and regulatory-based services directly.

Pictet will also provide operational expertise to accelerate the growth of Pareto’s relationships with new and existing customers, as well as investment in new technology and complementary acquisitions.

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