L’Européen SGG rachète CIM Global Business

CIM Financial Services Ltd a trouvé un accord avec le groupe européen SGG, basé à Luxembourg, pour la vente de sa division ‘global business’.

C’est ce qui ressort d’un communiqué émis par la Mauritius Commercial Bank (MCB), ce mardi 14 mars. MCB Capital Markets a agi comme un ‘transaction advisor’ lors de cette acquisition. Le groupe SGG est un leader en matière de services financiers et il opère dans plusieurs pays européens. Le montant de la transaction n'a pas été dévoilé.

Pour plus de détails, voir le communiqué  ci-dessous:

MCB Capital Markets advises SGG Group

Port Louis, 14th March 2017 - MCB Capital Markets, the investment banking arm of MCB Group, is acting as Transaction Advisor to SGG Group (SGG), on the acquisition of Cim Global Business (CGB), one of the leading Mauritius-based providers of fund and corporate administration services to corporates and alternative asset managers. 

Established in 1953, and headquartered in Luxembourg, SGG is a leading independent investor services provider in Luxembourg, the Netherlands, France, Belgium, Hong Kong and Curacao with more than 550 professionals. Its services include administrative and accounting solutions for investment funds, multinational corporations and family offices. The Company has over 550 employees and offers a comprehensive range of value-added services to customers across more than 20 countries. SGG Group focuses on working closely with its clients and delivering high quality of service which has allowed the company to achieve leading positions in a number of key markets in which it operates.

Through this strategic acquisition of CGB, SGG will establish a strong presence in the African and South-East Asian markets which have experienced significant growth and are becoming a more important part of the platform of services offered by SGG. The transaction is expected to complete in Q2 2017 and is subject to regulatory and shareholder approval. 

Serge Krancenblum, Group Chief Executive Officer, SGG: “MCB Capital Markets team accompanied us all the way since the beginning of this transaction. They displayed sound M&A experience, thorough understanding of the offshore management sector in Mauritius and above all, strong determination to see the deal through. We enjoyed working with them and take the opportunity to thank them for their contribution in this successful execution.”

Rony Lam, Chief Executive Officer of MCB Capital Markets, stated, “We are proud to be acting as Transaction Advisor to SGG on its latest acquisition. This is the second major cross-border M&A transaction in the Mauritian offshore management sector announced by MCB Capital Markets in less than four months. We are grateful to our clients for their trust and assure them of our team's unwavering commitment to helping them achieve their objectives."