Link Group has enhanced its presence in Luxembourg by signing an agreement to acquire Casa4Funds from Banor Capital.
Headquartered in Luxembourg, Casa4Funds is one of the oldest European independent third-party UCITS management companies and Alternative Investment Fund Managers (AIFM).
The acquisition will provide additional scale for Link Fund Solutions in Luxembourg and will provide access to Casa4Funds’ experience in a range of traditional and alternative asset classes.
The acquisition is subject to regulatory approvals by Luxembourg’s Commission de Surveillance du Secteur Financier and is expected to be completed in H1 2021.
According to Link Group, the combined fund solutions businesses will have approximately €3 billion of assets under management (AuM) in Luxembourg and €100 billion AuM across Europe.
Giacomo Mergoni, CEO of Banor Capital, said: “We are happy to entrust Casa4Funds to Link Group, a global leader with the resources and skills necessary to give the customers and the team of Casa4Funds even greater opportunities for a successful future.”
Jean-Luc Neyens, managing director, fund solutions Luxembourg, Link Group, explained: “The acquisition of Casa4Funds is a natural step in our vision to become Europe’s leading third-party independent third-party management company (ManCo)/Authorised Fund Manager.”
Neyens continued: “It deepens our expertise across alternative asset classes, broadens our Luxembourg footprint and enhances our support for clients across all of Europe’s main fund centres. This is a very exciting opportunity for Link Fund Solutions, Casa4Funds and our collective teams and clients.”
Arnaud Bouteiller, partner and general manager of Casa4Funds, added: “Over the last decade, Banor Capital has been a strong, supportive partner. While we are delighted to continue to be working with them, joining Link Group, a leading European third-party independent ManCo/Authorised Fund Manager, is a great opportunity to further expand our footprint. We are thrilled to bring our SuperManCo to the next level, as part of Link Group.”
At the beginning of the year, Link Group announced its intention to acquire Pepper Group’s European loan servicing, asset management and advisory business for an upfront cash payment of €165 million.
