SGG acquires Augentius, steps deeper into alts solutions

SGG Group, which provides compliance, administration and advisory services to funds, companies, families and entrepreneurs, is to acquire Augentius, the provider of administration and depositary services to private equity and property managers globally.

The deal, which is subject to regulatory approval, would take SGG’s assets under administration to over $400bn. This marks the latest acquisition by SGG, which in the past couple of years has moved to shore up its market position and access both organic and acquired growth. Once completed, the deal would leave SGG group with some 2,350 professionals in 24 jurisdictions.

Augentius currently counts some 650 professionals, and offers fund administration, depositary, regulatory and compliance solutions across 13 jurisdictions, including the UK, Guernsey, US, Luxembourg, Singapore and Hong Kong. Through the acquisition, SGG will have what its Group CEO Serge Krancenblum said would be “a comprehensive global offering to the alternative investment community.”

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ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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