Investor services firm SGG Group has received regulatory approvals and completed its acquisition of Augentius, the private equity and real estate fund administration specialist with operations in Guernsey.
The deal increases SSG's assets under administration to more than $400bn and extends its reach. The combined business now offers a complete suite of fund administration, regulatory hosting, depositary, AIFMD reporting, regulatory compliance, FATCA/CRS and investor solutions to institutional investors across 24 locations.
Augentius will continue to operate under its existing brand name until further notice.
Ian Kelly, Managing Director of UK and Ireland, and former CEO and Executive Director of Augentius, commented: “We have found in SGG a partner that shares our values and our drive to build a sustainable business. The remaining Augentius executive team has re-invested in the combined business. We look forward to working with our new colleagues to bring our combined business to new heights."