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Fund administrator SGG Group makes “transformational” acquisition

Serge_KrancenblumSGG Group, a specialist fund administrator, has acquired Augentius, a rival specialist with $145 billion (€124 billion) in assets under administration (AUA).

Augentius carries out administration for around 490 private equity and real estate funds across 12 domiciles and the deal brings SGG’s AUA to $400 billion.

The terms of the deal, which is subject to regulatory approval, were not disclosed.

Augentius was founded in 2002 and employs over 650 professionals. It offers fund administration, depositary, regulatory and compliance solutions to institutional investors across 13 jurisdictions including the UK, Guernsey, the US, Luxembourg, Singapore and Hong-Kong.

The acquisition is the latest for SGG Group. In June it announced the acquisition of Lawson Conner, a London-based regulatory and compliance outsourcing firm, and in May it announced it had bought a private client business in Singapore.

Acquisitions have taken place over the last two years and, with the latest deal, SGG will have 2,350 professionals employed across 24 jurisdictions.

Serge Krancenblum (pictured), SGG Group's chief executive, said the acquisition was in line with the group’s plan to become the “leading global partner for the alternative investment industry”.

He added: “I am very excited by the acquisition of Augentius as it represents a transformational milestone for our business. Upon completion, SGG Group will have a comprehensive global offering to the alternative investment community.”

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