SSG Group Acquires First Names Group to Form World’s 4th Largest Trust, Corporate & Fund Services Co.
SGG Group has acquired First Names Group from AnaCap Financial Partners. The combined group will be the world’s 4th largest (by revenue) provider of trust, corporate and fund services, employing over 1500 people with a presence in 23 jurisdictions.
“ SGG Group acquires First Names Group to form World’s 4th largest Trust, Corporate & Fund Services Co. ”
The combined group will become a significant force in the provision of services to ultra-high net worth families, corporates and fund clients. The seller, AnaCap, is Europe’s largest specialist private equity investor in the financial services sector with more than €3.5 billion raised across Private Equity and Credit Opportunities vehicles.
Serge Krancenblum, SGG’s Group CEO:
”This is a key milestone for the SGG Group. First Names Group complements our offering and jurisdictional capabilities in our key client segments. Beside their impressive leadership and client base, First Names Group has a similar history and shares our values. I am certain that there will be an excellent cultural alignment between our two firms and that together we will take our combined group to new heights.”
Mark Pesco, First Names Group CEO:
”I believe that this is a hugely exciting opportunity as this deal will bring a wealth of new opportunities for our newly combined businesses, everyone within it and especially for our clients. We have built a great business with the active backing and support of AnaCap. As part of SGG Group we have an extremely bright future and this deal positions us to take this business to its full potential.”
Source: Official Press Release
About SGG
SGG Group is a leading investor services firm providing a comprehensive range of compliance, administration and asset services to alternative investment funds, international companies, (U)HNW families and entrepreneurs. SGG Group’s main shareholders are Astorg Partners, a renowned European investment firm which acts as a long term financial backer supporting the roll out of the Group’s business plan.
From our early beginnings in the private clients’ space, we have evolved and grown, and this has shaped the way we do business.
SGG Group is among the most flexible providers in the sector and our entrepreneurial spirit drives us to find the best solutions for our clients. We help our clients realise their ambitions as they seek to keep pace with a changing environment. SGG Group attracts and retains the most experienced experts and invests in the industry’s leading software platforms to deliver the highest quality service to our clients. For more information on SGG Group, please visit: www.sgggroup.com
About First Names Group
First Names Group is a leading independent provider of trust, corporate, real estate and fund administration services, with 700 employees and offices in Jersey, Guernsey, Isle of Man, Cyprus, Switzerland, USA, Luxembourg, The Netherlands, Ireland, UK, the British Virgin Islands, Hong Kong, Singapore and Japan.
At our core is a firm commitment to helping our clients, professional intermediaries and our First Names achieve their goals. Our Group vision is based on the firm belief that our people-focused business will deliver superior client service. Simply put: if you put people first, the rest will follow. For more information, please visit www.firstnames.com
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