Elian, a provider of corporate services, fund services, private wealth and capital services, has completed the acquisition of SFM Europe, a provider of corporate services.
The acquisition boosts Elian’s head count by 115 to 640 employees across 16 jurisdictions.
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As part of the deal, Elian’s existing International finance team will be merged with the SFM Europe team.
The combined entity will employ more than 150 employees, and will be headed by SFM Europe CEO, Robert Berry.
The agreement, which was initially announced in September 2015, significantly strengthens Elian’s international finance offering.
The deal brings a significantly increased presence across continental Europe, including the key European financial markets of Amsterdam, Dublin, Frankfurt, Lisbon, London, Luxembourg, Madrid, and Milan, Elian said in a statement.
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By GlobalDataElian CEO Paul Willing said: "Elian launched its new brand just over a year ago with an acquisition strategy that will give us critical mass in important new markets. The SFM Europe acquisition fits perfectly with our growth strategy and will enable us to continue our commitment to excellent client service by providing a wider range of services in more jurisdictions."
