Corporate, fund and accounting services provider LGL Group has entered into an agreement to acquire Mauritius-based business Associated Consultants Limited (ACL).
The move will add a new jurisdiction to LGL's existing operations in Jersey, Luxembourg and London.
Founded in 1993 by Virrsing Ramdeny, ACL provides corporate administration services to corporates and alternative asset managers.
Mauritius is a key international financial centre for foreign investment into Africa and India, so the acquisition will increase LGL's exposure to these emerging markets.
John Pirouet, LGL's Jersey-based CEO, commented: "This acquisition will add further quality and scale to our business while deepening our jurisdictional service offering. ACL is led by an experienced team that has established a platform with a focus on providing clients with the highest quality services."
ACL Chief Executive Virrsing Ramdeny added: "This acquisition 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."
Mauritius firms Lineage Invest and BLC Robert acted as financial and legal advisers to the seller.