Alter Domus Acquires Fideos Luxembourg
Alter Domus, an independent Luxembourg-based provider of outsourced administration services to multinationals and alternative investment funds, has agreed to acquire Fideos Luxembourg. Fideos, a sister company of Atoz Tax Advisers, is also an independently owned and operated firm offering corporate trust and fund administration services. The deal is expected to close by 30 June, subject to regulatory approval.
This acquisition creates a sizeable player in the corporate management services business and builds up critical mass in the alternative funds administration market in Luxembourg. The combined turnover of both firms would represent over €65m and together have approximately 500 employees in 12 different offices around the world, with the majority of employees located in Luxembourg.
Dominique Robyns, managing director of Alter Domus, said that the two companies would fit well together: “Fideos’s core focus on real estate and private equity will give us more depth in these sectors. Both firms have a similar culture of excellence and a high-end market focus. We also considered the fact that both organisations were independently owned and operated and that there is good chemistry between the management of both firms. After reviewing all of these factors, we knew that Fideos was a great match for us.”