Waystone poised to acquire BIL Manage Invest
07 May 2025 Luxembourg
Image: marvent/stock.adobe.com
Waystone is in position to acquire BIL Manage Invest from Banque Internationale à Luxembourg (BIL) Group.
The acquisition of the company is said to increase Waystone's assets under management (AUM) in Luxembourg as well as enhance its market position across Europe.
Waystone also says that the deal will support the firm's long-term strategic ambitions to provide leading alternative administration and corporate services in the region.
Sanjiv Sawhney, group CEO at Waystone, says: “This acquisition represents a significant step forward in Waystone’s growth journey. This integration strengthens our presence in Luxembourg, creates exciting opportunities for our people, and further differentiates us as a leading provider of management services in the region."
Alain Bastin, CEO of BIL Manage Invest, adds: “This marks a new chapter for BIL Manage Invest. By joining Waystone, a leading provider of fund services, we will be ideally positioned to support our clients with enhanced capabilities and global reach."
The deal will be subject to regulatory approval.
The acquisition of the company is said to increase Waystone's assets under management (AUM) in Luxembourg as well as enhance its market position across Europe.
Waystone also says that the deal will support the firm's long-term strategic ambitions to provide leading alternative administration and corporate services in the region.
Sanjiv Sawhney, group CEO at Waystone, says: “This acquisition represents a significant step forward in Waystone’s growth journey. This integration strengthens our presence in Luxembourg, creates exciting opportunities for our people, and further differentiates us as a leading provider of management services in the region."
Alain Bastin, CEO of BIL Manage Invest, adds: “This marks a new chapter for BIL Manage Invest. By joining Waystone, a leading provider of fund services, we will be ideally positioned to support our clients with enhanced capabilities and global reach."
The deal will be subject to regulatory approval.
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