The latest mergers, acquisitions and other corporate actions in the wealth management sector.

AnaCap, FJMF, Luxembourg
Private equity house AnaCap has agreed to buy a majority stake in Luxembourg-based Fiduciaire Jean Marc Faber. The business provides services including corporate administration, accountancy, trust, fund and payroll services. 

The acquisition is AnaCap’s second investment in Luxembourg after it sold First Names Group to SGG in 2017. 

FJMF has about 70 full-time equivalent staff, serving more than 1,800 clients, mostly institutional fund customers and patrimonial clients. 

Explaining the rationale for the move, AnaCap said it is positive on FJMF’s outlook as the “highly fragmented local market begins to consolidate.” 

This development also represents AnaCap's third investment for its latest flagship fund, after buying two founder-led businesses: Edge Group, an Italian insurance broking platform, and DK Accountants & Adviseurs, a Dutch accountancy services provider. Closing is expected first half of April.

“We believe FJMF is well-positioned to become a key consolidator in a highly-fragmented local market, with this consolidation leading to improved service offerings for clients,” Nassim Cherchali, AnaCap’s managing partner, said. 

TISE, MIH
Miami International Holdings intends to buy The International Stock Exchange Group Limited (TISE) in Guernsey in a cash offer of about  £70.4 million ($91.5 million).

The transaction, announced earlier in March, is being made via MIH’s wholly owned subsidiary, MIH East Holdings Ltd. MIH intends to acquire the entire issue and to be issued ordinary share capital of TISE that it doesn’t already possess.

The purchase price represents about £66.4 million, net of proceeds received from the expected exercise of options subsisting under the TISE Share Plans. 

MIH East Holdings already owned 29.46 per cent of the issued ordinary share capital in TISE.

TISE provides financial markets and securities services to public and private companies (see this publication’s 2024 interview with the group here).

At the end of 2024, TISE reported having more than 4,400 securities on its Official List with a total market value of more than £750 billion. 

TISE’s board unanimously backed the acquisition; it is subject to shareholder approval.