Deals Of The Day: The Latest In Wealth Management M&A – FNZ, ifsam

Editorial Staff

24 July 2024

FNZ, ifsam
, a global wealth management platform, has completed the acquisition of ifsam, International Fund Services & Asset Management, a business-to-business fund platform based in Luxembourg.

The purchase, originally announced in February last year, followed regulatory approval. The financial terms were not disclosed. Diao & Co acted as the exclusive financial advisor to FNZ on this transaction. NovitasFTCL advised ifsam and its shareholders on this transaction.

Clients and distribution partners will obtain wider access and expertise to service alternative asset classes, such as hedge funds, private equity, and venture capital funds, FNZ said in a statement yesterday.

Luc Duarte, managing partner at ifsam, will continue in this role. Duarte oversees ifsam’s direct relationships with specialist fund distributors and more than 300 asset managers globally.

“This is another significant investment for FNZ and further enhances our capabilities in the wealth management sector, as well as expanding our footprint in the continent’s biggest hub for funds,” Adrian Durham, FNZ’s chief executive, said.

FNZ partners, which has more than 650 financial institutions and 12,000 wealth managers, has $1.5 trillion in assets under administration. To see other developments at FNZ, click for examples here and here.