Eilan agrees deal to buy SFM Europe

Global corporate services provider Elian has agreed terms to purchase SFM Europe in a deal that will see more than €1trn of assets under administration added to its books.

Eilan agrees deal to buy SFM Europe

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Established in 1999 and spanning nine jurisdictions across the continent, SFM Europe provides corporate services for the management of securitisations, structured and asset finance to global banks, investment managers and blue-chip corporates.

Subject to regulatory approval, the deal will see the combined businesses operate in 16 locations with a total headcount exceeding 640.

The firm will now offer its fund, private wealth and capital services to high net worth individuals, fund managers and professional services clients across all the major time zones and key financial markets, while expanding its reach into continental Europe, including centres in Amsterdam, Frankfurt, Lisbon, Madrid and Milan.

SFM Europe will continue to operate as a standalone division within Elian, led by the existing management team and chief executive Robert Berry, who will join Elian’s executive team.

Elian was established following a management buyout by former parent Ogier that completed in June 2014, which was backed by Electra Partners. 

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