Atoz Services, a Luxembourg-based fund and corporate services provider, has agreed to fully acquire Fund Solutions, a rival. The completion of this transaction is subject to regulatory approvals.

Fund Solutions offers outsourced administration services to a range of clients including listed and unlisted corporations, private equity and real estate funds. The acquisition by Atoz Services is expected to expand its service capabilities in fund administration.

On the other hand, Atoz Services provides corporate and tax compliance services to Luxembourg domiciled entities managed by alternative fund and corporate clients. Its services include corporate administration, domiciliation and accounting, fund administration and tax reporting. The company has over 1,000 clients, primarily in the illiquid alternative fund space and manages over 4,000 structures. It employs around 200 staff across its Luxembourg and Morocco offices.

The acquisition of Fund Solutions, announced on Monday 29 January, aligns with Atoz’s strategy to expand its services for new and existing clients through organic growth and targeted mergers and acquisitions, the press release.

, managing partner of Atoz Services, said that it is expected to benefit the clients of Fund Solutions by providing them with a wider range of fund services.

Editor's Note, 31 January 2024 at 8:25 am: The title and article have been updated to correct the name 'Funds Solution SCA' to 'Fund Solutions SCA', as per the representatives from Atoz.