The combined businesses will employ more than 100 people in Luxembourg and offer an integrated fund administration, depositary and AIFM platform to its global clients. Dean Godwin, Chief Executive Officer of Sanne Group plc, commented:

“The addition of LIS and CP into our existing Luxembourg operations is a significant development for us. The acquisition will add further quality and scale to our existing business whilst also deepening our alternative asset service offering with a market leading AIFM service in Luxembourg. LIS and CP are led by a highly experienced and respected team that has established a platform with a focus on providing its clients with the highest quality services. This closely aligns with our own philosophy. Luxembourg is an important jurisdiction for us as we continue to work with, and service, international alternative asset managers launching funds in Europe.”

Dr Thomas Goergen, Founding Managing Partner at LIS commented: “We are very excited to be joining SANNE. Being part of a global business will enable us to access an extensive range of complementary services from across the Group. These will naturally add value to our clients going forward and will help us to continue to meet the ever increasing global service requirements from them.”

Pierre Weimerskirch, Founding Managing Partner at LIS added: “SANNE is a perfect fit to our setup. This powerful combination enables us to take the next step in our evolution and to provide new opportunities to our clients and staff in Luxembourg and globally.