Per­mira backs global growth am­bi­tions of Al­ter Do­mus

Malta Independent - - BUSINESS -

Al­ter Do­mus, a lead­ing provider of Fund and Cor­po­rate Ser­vices ded­i­cated to in­ter­na­tional pri­vate eq­uity & in­fra­struc­ture houses, real es­tate firms, pri­vate debt man­agers, multi­na­tion­als, cap­i­tal mar­kets is­suers and pri­vate clients an­nounced that it has se­cured a sig­nif­i­cant in­vest­ment from funds ad­vised by global in­vest­ment firm Per­mira to ac­cel­er­ate its in­ter­na­tional growth strat­egy.

Founded in Lux­em­bourg in 2003, Al­ter Do­mus has con­tin­u­ally ex­panded its global ser­vice of­fer and to­day counts 31 of­fices and desks across five con­ti­nents. This in­ter­na­tional net­work en­ables clients to ben­e­fit glob­ally from the ex­per­tise of more than 1,000 ex­pe­ri­enced pro­fes­sion­als ac­tive in fund ad­min­is­tra­tion, cor­po­rate sec­re­tar­ial, ac­count­ing, con­sol­i­da­tion, tax and le­gal com­pli­ance, de­posi­tary ser­vices and debt ad­min­is­tra­tion ser­vices.

Per­mira has a long and es­tab­lished track record of suc­cess­fully part­ner­ing with market lead­ing fi­nan­cial and pro­fes­sional ser­vices busi­nesses and their man­age­ment teams to help con­sol­i­date their po­si­tions as pre-em­i­nent re­gional lead­ers. This is ev­i­dent in the Per­mira funds’ in­vest­ments in firms such as Le­galZoom, the no.1 online le­gal ser­vices com­pany in the US, as well as wealth man­ager Til­ney and re­ceiv­ables man­ager GFKL Low­ell, both of which are com­bin­ing or­ganic growth with buy-and-build strate­gies very suc­cess­fully in Europe.

Com­ment­ing on the part­ner­ship, Lau­rent Van­der­weyen CEO of the Al­ter Do­mus group, said: “We are de­lighted at the op­por­tu­nity to work with Per­mira, a part­ner­ship which gives us the com­bined ben­e­fit of the strate­gic sup­port, re­sources and cap­i­tal of a lead­ing global in­vest­ment man­ager, while re­main­ing an in­de­pen­dent and ma­jor­ity man­age­ment owned firm.”

“We look for­ward to work­ing to­gether with Per­mira to ex­e­cute our am­bi­tious plans to ex­pand the busi­ness and to build upon our market lead­ing po­si­tion. We are con­vinced that their con­tri­bu­tion to our busi­ness will help us to broaden and strengthen our ca­pa­bil­i­ties to sup­port our clients in the in­ter­na­tional lo­ca­tions im­por­tant to them.”

Philip Muelder, co-head of Fi­nan­cial Ser­vices at Per­mira added: “We are ex­cited to part­ner with CEO Lau­rent Van­der­weyen, the Se­nior Man­age­ment Team and its founder share­hold­ers to help them de­velop Al­ter Do­mus into the lead­ing global spe­cial­ist ad­min­is­tra­tor fo­cused on al­ter­na­tive man­agers in the pri­vate eq­uity, real es­tate and credit mar­kets. Since it was founded 13 years ago, Al­ter Do­mus has grown from a strong market po­si­tion in its Lux­em­bourg home market with a rep­u­ta­tion for ex­cel­lent client ser­vice into a lead­ing pan-Euro­pean com­pany. The com­pany op­er­ates in mar­kets which con­tinue to of­fer at­trac­tive and sus­tain­able long-term growth and we look for­ward to sup­port­ing it as it em­barks on fur­ther in­ter­na­tional ex­pan­sion and in­dus­try con­sol­i­da­tion.”

The trans­ac­tion is sub­ject to sat­is­fac­tion of cer­tain reg­u­la­tory clos­ing con­di­tions.

Per­mira was ad­vised by Jef­feries In­ter­na­tional (M&A), Fresh­fields Bruck­haus Deringer (Le­gal), PwC (Fi­nan­cial & Tax) and Bain & Com­pany (Com­mer­cial).

Al­ter Do­mus was ad­vised by EY (M&A), EY (VDD & Tax) and Clif­ford Chance (Le­gal).

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