Goodwin’s Luxembourg and London Private Equity teams advised FNZ Group (“FNZ”) on its agreement to acquire International Fund Services & Asset Management S.A (“IFSAM”). The acquisition, which is subject to the regulatory approval, will further scale FNZ’s continental European operations into Luxembourg and strengthen FNZ’s capabilities in the wealth management sector.
FNZ is the global platform provider in the wealth management sector, partnering with over 650 of the world’s leading financial institutions and over 8,000 wealth management firms. With about 6,000 employees in 21 countries, FNZ’s mission is to open-up wealth, helping everyone, everywhere to invest in their future on their terms. To date, FNZ administers more than $1.5 trillion in client assets and has enabled over 20 million people, from all wealth segments, to invest in an effective, simple, and transparent way, making wealth management accessible to everyone.
IFSAM is a leading Luxembourg-based business-to-business fund platform that supports the efficient trading of funds, leveraging its direct relationships with around 300 fund management companies.
The cross-border team was led by Carl Bradshaw and Alexandrine Armstrong-Cerfontaine and included Saya Sharma, Florian Brandelong, Taarika Sridhar, George Fagan, Andrew Henderson, Gretchen Scott, Sophie Ball, Josephine Jay, Arjun Dhar, Dulcie Daly and Nathan Langford.
For more information please see press release here.
In December 2021, Goodwin’s German Private Equity team also advised Summit Partners on the sale of its share in Appway AG to FNZ.