ST HELIER, Jersey, September 3,
2015 /PRNewswire/ --
Elian has agreed terms to buy SFM Europe, a leading provider of
corporate services with more than €1tn of assets under
administration.
(Logo:
http://photos.prnewswire.com/prnh/20150902/263129LOGO )
The purchase of SFM Europe will increase Elian's head count by
115, to 640 employees, significantly expanding the company's
European footprint and enhancing its corporate services and
structured finance offering. On completion of the deal, which is
subject to regulatory approvals, SFM Europe will operate as a
separate division of Elian.
Announcing the deal today, Elian's CEO, Paul Willing, said SFM Europe was an outstanding
strategic fit for Elian.
'SFM Europe has a long established reputation for providing the
highest level of client service, coupled with industry expertise
and an excellent client base. This deal will complement Elian's
corporate services business and extend the group's geographic reach
in the key European financial markets of Amsterdam, Frankfurt, Lisbon, Madrid, and Milan,' he said.
Established in 1999, and spanning nine jurisdictions in
Europe, SFM Europe provides
corporate services for the management of securitisations,
structured finance and asset finance to global banks, investment
managers and blue chip corporates.
Jo Keighley, founder &
Executive Chairman of SFM Europe, added: 'We gave careful
consideration to the future direction of SFM Europe. Elian is an
excellent business, which I believe is the right strategic fit; I
am confident that putting the two complementary businesses together
will bring benefits both to our clients and to our employees.'
SFM Europe's existing management team will continue to run the
business on a day to day basis with Robert
Berry, SFM Europe's CEO, joining the Elian executive
team.
'Elian's reputation, industry knowledge, and commitment to
client service and staff development, make it the perfect company
to take SFM Europe forward. I am delighted to be joining Elian's
executive team,' said Mr Berry.
Elian specialises in the establishment and ongoing
administration of companies, funds and trusts for multi-national
corporations, financial institutions, high net worth individuals,
family offices and fund managers. On completion, the group will
employ more than 640 staff across 16 jurisdictions, covering all
major time zones and key financial markets.
About Elian
Specialists in Corporate Services, Fund Services, Private
Wealth, Capital Services and Due Diligence Services, Elian has a
clear, uncompromising vision: to continually deliver more value by
raising the bar in Administration services.
We work with global law firms and accountancy firms,
multi-national corporations, financial institutions, high net worth
individuals, family offices and fund managers and believe that the
best can always be better.
From our technical skills and market understanding, to the
personalised service we give our clients, we are always looking to
set new industry standards by challenging standard practice.
Elian's network of offices comprises Bahrain, the British
Virgin Islands, the Cayman
Islands, Dublin, Guernsey,
Hong Kong, Jersey, New York, London, Luxembourg and Tokyo.
For further information please visit http://www.elian.com
About SFM Europe
SFM Europe is a leading provider of corporate services including
independent directors, corporate governance and accounting services
to SPVs on behalf of major institutions engaging in
securitisations, structured financings and asset acquisitions,
disposals and restructurings.
The group's services extend throughout Europe, with expert teams based in nine
jurisdictions - Amsterdam,
Dublin, Frankfurt, Jersey, Lisbon, London, Luxembourg, Madrid and Milan.
More information can be found at http://www.sfmeurope.com