NovitasFTCL, the leading corporate finance advisor to European FinTech has advised ifsam and its shareholders on their sale to FNZ, the global wealth management platform.
Since its incorporation in 2001, ifsam has been one of the leading independent fund trading platforms in Europe with more than 500 counterparties representing 2,000 fund depositories in 46 countries, and providing access to more than 135,000 investment funds, including hedge funds, offshore funds, private equity, venture capital funds and ETFs.The acquisition, which is subject to regulatory approval, will strengthen FNZ’s global client proposition for both asset managers and distributors, adding advanced product, research, data and service solutions to its existing end-to-end wealth management platform. Clients and distribution partners will benefit from broadened access and expertise to service alternative asset classes, as well as improving efficiencies across the wealth management value chain. Ifsam’s team, combined with the strategic location in Luxembourg, the largest fund centre in Europe, will form FNZ’s centre of excellence for fund distribution and custody services in Europe.
Luc Duarte, ifsam Managing Partner, said: “We would like to thank John Gilligan and Joe Singer for their expertise, diligence and guidance which enabled us to complete a successful transaction. We are thrilled to be joining FNZ, and together we will accelerate our growth trajectory and broaden the suite of capabilities to better serve our existing and new clients with additional technology and service solutions.”