“We were impressed by the company’s recent growth, its reputation in the market and its ongoing commitment to the quality of its services,” says Anacap investment director Steven Gringoire upon the private equity firm’s partnership with Fiduciaire Jean-Marc Faber. Photo: Anacap

“We were impressed by the company’s recent growth, its reputation in the market and its ongoing commitment to the quality of its services,” says Anacap investment director Steven Gringoire upon the private equity firm’s partnership with Fiduciaire Jean-Marc Faber. Photo: Anacap

Shareholders in Fiduciaire Jean-Marc Faber are selling a majority stake in the group to London-based private equity specialist Anacap.

A new chapter is opening for Fiduciaire Jean-Marc Faber (FJMF). On Tuesday 25 March, the company announced a partnership with UK private equity fund manager Anacap to support the next stage of its development.

“We are delighted with this partnership with Anacap and excited about this new stage,” said the company’s founder and managing partner, Jean-Marc Faber. “Their entrepreneurial approach, experience and shared ambitions convinced us that they were the right partner to support our growth trajectory.”

With some 70 employees and more than 1,800 clients, FJMF, managed by Faber, Christophe Mouton and Daniel Galhano, has established itself over the years as a benchmark provider of trust, fund, business management, accounting, tax and payroll services.

The firm, which has experienced significant growth in recent years driven by both solid organic expansion and strategic acquisitions, appealed to Anacap. “We were impressed by the company’s recent growth, its reputation in the market and its ongoing commitment to the quality of its services,” says Anacap director Steven Gringoire. “We see a great opportunity to strengthen its position through an active M&A strategy and the expansion of its offering in an attractive sector.”

A third investment for Anacap

With this transaction, Anacap--which invests in software, technology and services in the European financial sector--has made the third investment in its latest fund. Since 2016, the group has raised more than €2bn in capital and completed more than 80 transactions in western and northern Europe.

“We are convinced that FJMF is ideally positioned to become a consolidating player in a local market that is still highly fragmented,” adds Anacap managing partner Nassim Cherchali. “This acquisition is in line with Anacap’s philosophy of partnering with founder-led companies to support their development.”

FJMF’s three partners will remain fully involved in the operational management. The transaction, for which PWC Luxembourg acted as exclusive M&A advisor and Arendt & Medernach as legal advisor, is expected to close in the first half of April.

This article was originally published in .

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