M and A
Deals Of The Day: The Latest In Wealth Management M&A – Hawksford, Paradigm
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Global corporate, private client, and fund services provider
Hawksford has agreed
to acquire Paradigm
Governance Partners, a Cayman Islands and US-based specialist
governance and fund services company.
The transaction is subject to regulatory approval from the Cayman
Islands Monetary Authority.
Geoff Ruddick and Nic Corsetti, partners at Paradigm, alongside
Leo Kassam and Cary Marr, will lead Hawksford’s operations in the
Cayman Islands and the US.
The acquisition is part of Hawksford’s expansion strategy,
supported by STAR Capital, and comes after its recent purchase of
Healy Consultants, ACT Management Services, Pearse Trust and
Griffon Solutions.
“The acquisition of Paradigm forms an integral part of our
ongoing expansion plans, strengthening Hawksford’s
capabilities in locations where our clients anticipate growth. It
adds a new operation in the Cayman Islands, a strategically
important jurisdiction, while also enhancing our presence in
the US," Michel van Leeuwen (pictured), group chief
executive, Hawksford, said.
Paradigm provides specialist governance solutions to global
alternative fund managers, across multiple jurisdictions and
asset classes, including hedge funds, family offices, closed-end
funds, and private equity. The business provides a range of
independent director, distressed fund, value recovery, outsourced
accounting, and anti-money laundering services, as well as
support for economic substance, ancillary services such as
registered office, corporate secretarial and board support.