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Sanne enjoys first-half growth

Sanne enjoys first-half growth

Monday 17 September 2018

Sanne enjoys first-half growth

Sanne Group saw revenue growth in the first half of the year with at 17.1% increase, driven by organic growth performance on a constant currency basis.

In the first six months of the year, the Group secured £11.5 million in new business, £5.7 million of which was from new clients.

The group recently acquired AgenSynd, a European loan agency administration specialist headquartered in Madrid. Sanne say the acquisition helped it expand its existing loan agency business and add an additional footprint in Madrid and Paris.

Dean Godwin, Chief Executive Officer of Sanne Group plc, said: "These results demonstrate the continuing momentum in our business and the result of the investment we are making to enhance our platforms and capabilities. We delivered a strong performance in our core alternatives divisions and we continue to broaden our geographic presence and client offering. Our most recent acquisitions in Mauritius and Luxembourg are integrating successfully and contributing to the Group's performance and we are pleased to announce the acquisition of AgenSynd which further expands our European footprint and capabilities within the private debt market.

"We will build on this progress in the second half of the year, given the strong new business pipeline, and remain confident in meeting our expectations for the full year. SANNE remains well-positioned to capture the exciting long-term opportunities in our markets."

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