Sanne Group has entered into an agreement to acquire Private Equity Administrators (PEA), a private equity fund administrator.
The acquisition is intended to provide an opportunity to increase the scale of Sanne’s Guernsey operations with the potential to drive cost synergies going forward.
According to Sanne, PEA is a strategically important acquisition which will further expand Sanne’s geographical footprint and its offering into the important Scandinavian markets of Denmark and Sweden.
The Scandinavian private equity fund administrator PEA is headquartered in Denmark and has operations in Sweden and Guernsey,
PEA specialises in providing boutique fund administration and depositary services to alternative fund structures.
Pending regulatory approval from the relevant bodies, the transaction is expected to complete in the first quarter of 2021.
Meanwhile, over in Mauritius, Sanne promoted Rubina Toorawa from chief operating officer of Mauritius to the role of country head.
