View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 6, 2018

PraxisIFM closes takeover of Private Equity Services

PraxisIFM-owned Kompas International has wrapped up the purchase of Private Equity Services (PES), an independent fiduciary group based in the Netherlands.

PES provides fiduciary services to alternative investment providers and international clients, and also has presence in the Caribbean.

The deal, whose financial terms were not disclosed, was first announced in November 2017.

PraxisIFM announced the acquisition of Kompas International, a Dutch trust and corporate services provider, in October last year.

As part of the deal, 18 fiduciary specialists will migrate to PraxisIFM Netherlands in Amsterdam. The move boosts PraxisIFM Netherlands’ headcount to 30. A total of three new staff will also be added in the Caribbean.

PraxisIFM CEO Simon Thornton said: “We will greatly benefit from their expertise and unique perspective. I am confident our new colleagues will thrive within our growing company.”

PraxisIFM head of global expansion Guido Wagenaar added: “Business is growing in The Netherlands, so we are very happy to have the experts from PES join us. Their experience and personal approach to service are a great match for our office.”

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International