The transaction, which is subject to regulatory approval, was announced by press release on 12 July 2018, where it was stated that, “The services offered by Augentius will compliment SGG Group’s current funds offering...” and will, “reinforce SGG’s position as the 4th leading investor services firm in the world.”

The deal will see SGG’s assets under management grow to over $400 billion.

According to SGG Group CEO Serge Krancenblum, “This acquisition is in line with our ongoing commitment to developing our product offering and geographical reach to become the leading global partner for the alternative investment industry… it represents a transformational milestone for our business. Upon completion, SGG Group will have a comprehensive global offering to the alternative investment community.”