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AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
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News > Asset Servicing

SGG Group acquires Augentius

Africa Global Funds
July 12, 2018, 12:13 p.m.

Word count: 401

SGG Group, a global investor services firm, has acquired Augentius, a global provider of alternative investment solutions to the Private Equity and Real Estate communities.

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SGG Group, a global investor services firm, has acquired Augentius, a global provider of alternative investment solutions to the Private Equity and Real Estate communities.

Serge Krancenblum, SGG Group's CEO, said: “This acquisition is in line with our ongoing commitment to developing our product offering and geographical reach to become the leading global partner for the alternative investment industry. I am very excited by the acquisition of Augentius as it represents a transformational milestone for our business.” 

“Upon completion, SGG Group will have a comprehensive global offering to the alternative investment community. I am certain that there is an excellent cultural alignment between our two firms as both businesses put clients and its people at the core of what they do. Together we will take our combined group to new heights,” he added.

Augentius, who employs over 650 professionals, offers a complete suite of fund administration, depositary, regulatory and compliance solutions to institutional investors across 13 jurisdictions including the UK, Guernsey, the US, Luxembourg, Singapore and Hong-Kong.

The transaction, which is subject to regulatory approval, reinforces SGG Group’s position as the forth leading investor services firm in the world with the deal growing its assets under administration (AUA) to over $400bn and further strengthens its reach and footprint.

The services offered by Augentius will complement SGG Group’s current funds offering, including a technological platform and experienced team with the reputation of providing high quality service.

Backed by Astorg, SGG Group has made a number of acquisitions over the last two years to extend its lead in the investor services industry through a complete offering across a number of jurisdictions, technologically advanced services and expert teams, and has an ambitious strategy for continued growth. 

Following the completion of the various acquisitions that the firm has recently announced together with Augentius, SGG Group will employ over 2350 professionals across 24 jurisdictions.

Ian Kelly, CEO and Executive Director of Augentius, said: “This is a hugely exciting opportunity as this deal will bring a wealth of new opportunities for our newly combined businesses, and especially for our clients. SGG Group is one of the main consolidators of the industry and we are pleased to join forces with a global investor services firm which has the ambition to build a sustainable firm for this generation and the next.’’

SGG Group was advised by Baird on the transaction and Augentius was advised by William Blair.

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