Adepa, a Luxembourg-based global asset servicing solutions provider, announced the completion of its acquisition of Fidupar, a company specialising in fund and corporate services. Following approval from the Financial Sector Supervisory Commission (CSSF), Fidupar has officially joined Adepa and will be rebranded as Adepa Asset Servicing Luxembourg, stated the firm in a press release on Wednesday 2 October 2024. Earlier in January, Adepa its agreement to acquire Fidupar, although the financial terms of the acquisition have not been disclosed.
Carlos Alberto Morales, CEO of Adepa, expressed his enthusiasm about the acquisition in an announcement, stating, “We are thrilled to welcome Fidupar into the Adepa family. This acquisition is not only a step forward in expanding our range of services but also a reflection of our commitment to providing our clients with superior service and enhanced value.” Morales emphasised that, with the CSSF’s approval, Adepa is prepared to fully integrate Fidupar’s expertise into its operations. This integration aims to reinforce the company’s reputation as a leading service provider in Luxembourg and beyond.
The integration process has been designed to ensure a seamless transition for existing clients, the firm stated. This allows Adepa to maintain its services while leveraging the additional resources and expertise within the Adepa Group. This strategic move aligns with Adepa’s long-term vision of becoming a global leader in asset servicing, focusing on providing innovative and customised solutions for traditional and alternative asset managers, wealth managers and corporations worldwide, stated Adepa.
Adepa said that it offers a wide range of services and has obtained undertaking for collective investment in transferable securities (Ucits) and alternative investment fund managers (AIFM) licences, covering a wide range of asset classes, including listed equities, fixed income, real estate, private equity, derivatives, infrastructure and private debt funds. The firm possesses the necessary passport to service fund promoters across the EU from Luxembourg. Its core services encompass super manco, fund administration, corporate services and various investor services such as transfer agent activities.
Additionally, Adepa has expanded its footprint beyond Luxembourg through subsidiaries in Spain, Italy and Chile, where it provides fund administration and investor services to asset and wealth management companies.
In 2022, the group entered into an alliance with the banking group Inversis to further strengthen its leadership in fund services. As part of this alliance, Inversis acquired a 40% stake in the Adepa Group.