Adepa, a Luxembourg-based asset and wealth manager, announced on Monday 22 January 2024 its definitive agreement to acquire Fidupar, a company specialising in fund and corporate services. The acquisition, still subject to regulatory approval, marks a significant step in Adepa’s expansion strategy and is expected to strengthen its position in the financial services sector.

Adepa, known for its comprehensive services in establishing and operating various fund structures, holds Ucits and AIFM licences in the grand duchy, covering a wide range of asset classes including listed equities, fixed income, real estate, private equity, derivatives, infrastructure and private debt funds. Its core services encompass super manco, fund administration, corporate services and investor services such as acting as transfer agent.

Fidupar, regulated by the Luxembourg Financial Sector Supervisory Commission (CSSF), offers specialised solutions in fund administration and corporate services. The integration will enhance Adepa’s capabilities in fund administration and transfer agent services, with a focus on alternative investments, said the press statement.

Carlos Alberto Morales, CEO of Adepa, stated in the announcement that the addition of Fidupar aligns with Adepa’s goal to bolster its capabilities and extend its global presence. Morales emphasised that Fidupar’s expertise and market knowledge will complement Adepa’s existing strengths, fostering growth and innovation.

Frédéric Collot and Nicolas Montagne, managing directors of Fidupar, added that the collaboration with Adepa aligns with their shared objective of delivering exceptional financial services. “This strategic collaboration will bring added value to our clients and open up new opportunities for growth,” commented Collot and Montagne.

The acquisition will open opportunities in new markets for Adepa, such as France and Belgium, noted the announcement. The financial terms of the acquisition have not been disclosed.