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Jersey-headquartered LGL Group is set to acquire a Mauritius-based provider of corporate administration services to corporates and alternative asset managers.
LGL said it hopes taking on Associated Consultants Limited (ACL) will provide the firm with the opportunity to expand its exposure into emerging markets in Africa and India.
"This acquisition will add further quality and scale to our existing business whilst also deepening our jurisdictional service offering to Mauritius," John Pirouet, Chief Executive Officer of the LGL Group, commented.
He added: "On behalf of LGL, I’m delighted to welcome the entire ACL team to the Group and look forward to working together in the future."
Virrsing Ramdeny, Founder of ACL, added: "As we met with the management team of LGL, it became apparent that our firms share a similar cultural ethos of looking after the staff that work within the business whilst providing exceptional client service. We are excited to be joining forces with a Group that is focused on client service as its priority. This acquisition is strategic as it will allow ACL to provide European solutions to our clients and give us a greater ability to scale with our clients as they grow and expand their businesses."
Lineage Invest and BLC Robert acted as financial and legal advisers to the seller.
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