Equiom, a trust and corporate services provider, has snapped up corporate and fund administration firm Carey S.A. Luxembourg for an undisclosed sum.
Carey offers administration services for unregulated and regulated alternative investment vehicles, tax reporting alternative fund services, as well as private wealth solutions in Luxembourg.
The company’s 18 employees, led by managing director Barry Black, will migrate to Equiom as part of the deal. However, they will continue to be based in their existing office.
“Joining Equiom allows us to maintain this high level of service while also allowing us to access a wider network of cross-jurisdictional and multi-disciplined expertise. With the backing of a larger firm, we will have the ability to provide a consistently high standard of service, expanding into new areas offering various personal wealth protection services,” Black.
Carey will also adopt the Equiom brand by the end of January 2018.
Commenting on the acquisition, Equiom global CEO Sheila Dean said: “It has been a goal of Equiom’s to establish a presence in Luxembourg for quite some time and now that we have achieved this, we can really make our mark in Europe.
“Luxembourg is an exciting new jurisdiction for us that offers access to an opportune market and with the addition of a brand new fund services line, we are able to expand our offering even further.”
The latest deal follows Equiom’s acquisition of two fiduciary firms- Malta-based DF Corporate Services and Carey Group Monaco.