Centaur Fund Services has acquired fund administration service Luxembourg Capital Partners as part of its European expansion.
In a statement published on Tuesday, the firm said the acquisition was still subject to CSSF approval but was coupled with a “planned expansion of Centaur’s Luxembourg base”.
“Luxembourg represents a key strategic location for Centaur. Not only will it enhance our global reputation, it will also enable us to build and service our PE and RE clients. This office, backed by our existing global network, will enable PE and RE clients to benefit from an international team that is the most experienced in the industry,” Centaur founding partner Karen Malone said.
The statement mentioned Luxembourg’s favourable legal regime with regard to the PE/RE industry, mentioning it was home to the world’s top 13 PE firms.