Back-to-back Luxembourg deals as Suntera continues growth drive

08-11-2021

Suntera Global, the Palatine Private Equity-backed provider of fund, corporate and private client services, has acquired a second Luxembourg-based business in as many months, as it continues its strategic buy-and-build program.

The company, which in August acquired boutique fund administration company Reference Financial Services SA, has now agreed to deal to buy fund and corporate services firm NeoTrust Fiduciary Luxembourg SARL (“NeoTrust”).

The transaction, the fifth acquisition since Palatine backed an MBO of Suntera (then known as SMP Group) in 2019, further enhances Suntera’s presence in Luxembourg – a major financial services hub in the EU.

Founded in 2017, NeoTrust has a global client base and is a specialist provider of bespoke services to the unregulated financial services sector, and is active across the private equity, real estate, institutional and high-net worth individual space,

NeoTrust provides a broad range of services, including domiciliation, incorporation, secretarial, accounting, tax, VAT compliance, audit and payroll services as well as statutory auditor and liquidation services.

The team of 14 staff in Luxembourg, including co-founding partners Martin Hubert and Julien Guillaume, will add complementary expertise to Suntera Global’s existing office in Luxembourg and the firm’s wider network of offices in Jersey, Cayman, the Bahamas, the Isle of Man, Malta, Hong Kong and Switzerland.

Palatine Private Equity Partner Andy Lees, said: “This strategic and complementary acquisition will add significant client numbers in the real estate, private equity and high net worth investment sector to Suntera, and also bring additional expertise and market knowledge to the team.

“We are delighted to support this acquisition and look forward to seeing the expanded team continuing to provide a best-in-class service to our clients.”

Our second acquisition in recent months is a signal of our intent to significantly grow our European fund and corporate services proposition. As well as broadening our client base and bolstering our platform in the EU, a market where we see real opportunity for growth, this move adds considerable depth to our existing global network and capabilities.

“With a similar working ethos to our own, based on building lasting relationships and providing a personal, flexible and tailored service, I am really pleased to be able to welcome the highly experienced NeoTrust team to Suntera Global.

David Hudson

Group CEO, Suntera Global