Sanne Group, a provider of outsourced corporate and fund administration, has entered into an agreement to acquire Dublin-based corporate services business Chartered Corporate Services (CCS).
Established in 2005, CCS specialises in the delivery of company secretarial, liquidations, payroll and VAT reporting services.
The company has a broad range of clients including a number of large financial institutions, investment funds and corporates.
Sanne employs more than 350 people worldwide and administers structures and funds that have in excess of €100bn of assets.
The Group has a presence in established, international financial centres including Dubai, Dublin, Guernsey, Hong Kong, Jersey, London, Luxembourg, Shanghai and Singapore.
Dean Godwin, chief executive, Sanne, said: “The acquisition of CCS is aligned to our strategy of acquiring businesses that support existing growth opportunities and deliver greater jurisdictional and product diversity.”
He continued: “CCS will complement our existing Dublin operations in this important market, delivering additional scale and product capabilities across our corporate and institutional service offering. We welcome the CCS team to Sanne and look forward to working together.”
Ross Burns, managing director, added: “CCS has successfully built its corporate services business over the past 10 years. We are delighted to be joining Sanne, who are recognised within the corporate and fund administration sector as delivering a very high level of client service.
Burns continued: “This approach fits with CCS’s own service ethos and we are confident that we can continue to develop the breadth and quality of our service offering as we integrate our team into Sanne’s operational platform, both in Dublin and internationally.”
The transaction is due to complete at the end of February.