NovitasFTCL advised the shareholders of Moventum S.C.A. on its sale to Atlantic Fund Services
Atlantic Fund Services, a leading independent provider of fund services, finalised the takeover of Moventum S.C.A., a Luxembourg based company providing a distribution platform for independent fund advisors and funds.
Atlantic acquired Moventum from Global Portfolio Advisors and Banque de Luxembourg. Moventum had 3.5 billion of assets under administration.
The combination of Atlantic and Moventum creates a significant global distribution network operating from a single platform.
The acquisition brings together two highly regarded financial services brands under one umbrella and accelerates Atlantic’s strategic initiative to expand in the European market organically and through acquisitions.
NovitasFTCL advised the shareholders of Moventum S.C.A. on their transaction with Atlantic Fund Services