Juniper Square, a provider of fund software and administration solutions and headquartered in San Francisco, California, on 16 October 2024 the acquisition of Forstone Luxembourg, a division of the Forstone Group, as part of its strategy to expand its global fund administration services. The transaction, which remains subject to regulatory approvals, will enable Juniper Square to strengthen its position in the European market by integrating Forstone Luxembourg’s operations. Juniper did not disclose the value of the acquisition.
Founded in 2021, Forstone Luxembourg has provided fund administration, transfer agency and other related services in Luxembourg. This acquisition marks a strategic move for Juniper, it said, enhancing its European presence and broadening its ability to support clients navigating the complexities of cross-border operations. Juniper cited this acquisition as a significant step in offering a comprehensive suite of global fund services to its client base.
Alex Robinson, CEO and co-founder of Juniper Square, expressed confidence in the deal, noting that the company’s global expansion efforts, which began earlier in 2024 with its entrance into the Indian market, were bolstered by this acquisition. Robinson highlighted Forstone Luxembourg’s alignment with Juniper Square’s values and shared vision for transforming private markets. “As we got to know Forstone Luxembourg, it became clear that they share our values, passion and vision for transforming the private markets,” Robinson stated, adding that the Luxembourg team would bring valuable expertise to Juniper’s client offering.
Arnaud Brive, co-founder and managing partner of Forstone Luxembourg, also voiced optimism about the partnership. He noted that Juniper had made a significant impact in the private markets and praised the firm’s innovative approach. He expressed confidence in the future success of the combined operations.
The acquisition will see the integration of Forstone Luxembourg’s team, clients and technology infrastructure into Juniper Square’s existing environment. Christine Egbert, general manager for fund administration at Juniper Square, will oversee this process. Egbert remarked on the importance of the deal in expanding the firm’s Luxembourg-based services, describing it as an “important milestone” for Juniper’s ongoing growth.
Upon completion of the deal, Forstone Luxembourg will operate under the name Juniper Square Luxembourg. Meanwhile, Forstone Group plans to continue its focus on the Luxembourg market, offering services such as traditional bookkeeping and consulting within the private markets and real estate sectors.