A Luxembourg-based fund services provider is set to join forces with two local companies as part of a wider expansion strategy backed by private equity.
PANDOO has agreed to combine Highvern and Permian with support from investor Jacobs Capital.
The deal marks a further step in building what the firm describes as a “leading international provider of fund services and private capital solutions” following Jacobs Capital’s investment to bring Highvern and Permian together in 2025.
Senior management at PANDOO will reinvest alongside existing shareholders.
Founded in 2009, PANDOO provides administration and management services for investment vehicles, offering an integrated platform for alternative investment structures.
The business brings Luxembourg expertise, an established client base and a focus on client service to the combined group.
Once completed, the enlarged group will operate across nine jurisdictions, with more than 400 employees, including a presence in Jersey alongside locations in Luxembourg, the Cayman Islands, Guernsey, Ireland, and the UK.
The addition of Luxembourg is expected to give clients access to one of Europe’s leading alternative investment fund markets.
The firms said the combination would also broaden asset class expertise, spanning real estate, private debt, private equity and venture capital.
PANDOO partners Martin Grün, John Wantz and Sven Rein said: “We are excited to join forces with Highvern and Permian.
“Jacobs Capital is the right partner for us – they understand our culture, invest for the long term and empower entrepreneurial teams.”
Group CEO Caroline Connellan added: “We are delighted to welcome PANDOO to the Group.
“As a group, we have an exciting opportunity to offer clients greater choice across asset classes and jurisdictions, while continuing to deliver the service standards they expect.
“We are very much looking forward to working with the PANDOO team.”
John Pettersson, Head of Business Services at Jacobs Capital, said the deal is “an important step towards building a next-generation, truly international, differentiated platform for fund services and private capital solutions.”
The transaction is subject to regulatory approvals and is expected to complete in the second half of 2026.