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Centralis Group, a Luxembourg-based leader in alternative asset and corporate services, has announced its acquisition of Admina Fund Services.
The move is part of Centralis Group’s ongoing effort to expand its global reach and enhance its portfolio of services offered to clients in the alternative investment and corporate sectors.
Based in Guernsey, Admina Fund Services offers a comprehensive range of services, including fund administration and company secretarial services for regulated and unregulated, listed, and unlisted closed-ended limited partnerships, companies, trusts, and foundations across a variety of asset classes.
Centralis operates in 12 countries and maintains 16 locations worldwide, supported by a team of over 425 experienced professionals.
Aidan Foley, CEO of Centralis, said: "The acquisition of Admina is another important milestone for us as we expand our breadth of services to our Alternative and Corporate client base. Admina will take us into the strategically important Channel Islands and also expand our fund administration capability. On behalf of my colleagues and myself, we welcome the whole Admina team to Centralis Group."
Admina Director Christine Whitehorne said: "This opportunity allows us to maintain our boutique approach, offering highly personal levels of service together with the additional support and strength of a global network."
Mark Hooton, another Admina Director highlighted the enhanced level of service and opportunities this development brings to Admina's clients.
The financial and legal framework of the acquisition saw Mazars (UK) providing financial and tax advice to Centralis, with Oben Regulatory (Jersey), Carey Olsen (Guernsey), and Taylor Wessing (UK) acting as legal and regulatory counsel.
Disruptive Capital served as Admina's M&A advisor, with Ferbrache & Farrell offering legal counsel.
Pictured top: Admina Directors Christine Whitehorne and Mark Hooton.
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