The acquisition, announced by Atoz Services in a published on 15 July 2024 and subject to regulatory approval, will allow Atoz to “provide consistent and tailored service offerings to funds and investment fund managers in Luxembourg and abroad.”

ME Business Solutions (MEBS), which was created in 2008 and has been regulated as a professional of the financial sector (PSF) since 2013, offers governance, compliance, risk management, and liquidation services to over 200 clients worldwide. It will continue to operate autonomously under its brand and “in line with its strategy, management, staff and resources whilst benefiting from group synergies with Atoz Services.”

The MEBS acquisition comes after Atoz Services’ acquisition of Fund Solutions, a PSF providing fund administration services, which was and received regulatory approval in early July. The communiqué noted that the acquisition is part of Atoz Services’ strategy to expand its service offerings to new and existing clients.

Atoz Services serves more than 1,000 clients--primarily in the alternative asset management sector--and employs nearly 200 staff members in Luxembourg and Morocco.