Press Release

TMF Group to acquire Selectra Management Company

30 September 2020

TMF Group and Farad Group jointly announce the signing of an agreement for the acquisition of Selectra Management Company by TMF Group from Farad Group. Completion of the transaction is subject to regulatory approvals from the Commission de Surveillance du Secteur Financier.

Selectra Management Company (“Selectra”) is a regulated management company based in Luxembourg servicing both Alternative Investment Funds (AIFs) and Undertakings for the Collective Investment in Transferable Securities (UCITS). Created in 2013 as part of the service delivery platform Farad Group, Selectra offers a wide range of services acting as an independent professional partner for the creation, management and distribution of AIFs and UCITS for European and non-European promoters.

The strategic acquisition of Selectra is a key milestone in TMF Group’s drive to further grow its fund services business. Selectra’s expertise and service offering will complement TMF Group’s fund activities in Luxembourg.

Frank Welman, regional head for TMF Group said: “We’re delighted to welcome Selectra, their staff and their clients to TMF Group. Selectra is a well-established management company with the experience and the licenses to provide all the services that their clients – and our clients – require. This will be a huge step forward for our organisation.”

Andrew O’Shea, global head of funds services at TMF Group said: “The acquisition of an established, market-leading management company marks an important milestone for TMF Group. We now provide a full suite of funds services, allowing fund managers to derive all their funds administration solutions from one single provider.”

Marco Cipolla, Managing Director of Selectra, said: "We are happy that Selectra has been chosen by TMF for its excellence in the market, and becoming part of TMF Group gives our clients access to the services and reach of a firm with a footprint in 80 countries worldwide. Together, we will be best positioned to meet our clients’ needs and enable them to focus on their core investing activities while being able to rely fully on a first-class partner for their funds.”

Marco Caldana, Chairman and Founder of Farad Group, said: “Over the last seven years, we have successfully developed Selectra to the established management company it is today. We are delighted to have TMF Group as a partner for the future growth of Selectra, its collaborators and its clients. We are convinced that TMF Group will continue to unlock the full potential of Selectra to the benefit of all its stakeholders.”

The sellers were assisted by Deloitte Luxembourg (M&A advisor) and Volckrick & Associates (legal advisor) for this transaction. TMF Group was assisted by Allen & Overy (legal advisor) and PwC Luxembourg (financial and regulatory due diligence) for this transaction.

About TMF Group
TMF Group is a leading global provider of high value business services to clients operating and investing globally. It focuses on providing highly specialised and business-critical financial, legal and human resource administrative services that enable clients to operate their corporate structures, finance vehicles and investment funds in different geographical locations. TMF Group has operations in more than 80 countries across the Americas, Asia Pacific, Europe and the Middle East.

About Selectra Management Company
Selectra Management Company is an independent professional partner servicing the entire range of Luxembourg funds (SICAV, Mutual Fund, RAIF, SIF and SICAR) on behalf of its clients. Selectra Management Company is based in Luxembourg and is supervised by the Commission de Surveillance du Secteur Financier. Selectra Management Company also has a representative office in Milan. 

About Farad Group
Founded in 2001 in Luxembourg, Farad Group is an independent and diversified financial platform providing institutional clients with Asset Management, Investment Funds, Impact & SRI Finance, Wealth Planning and Insurance Brokerage solutions. Through a B2B services platform, thoughtfully developed along its many years of activity, Farad Group has successfully created, developed and managed high-end companies and investment products.

For further information, please contact:
Giampaolo Arghittu, EMEA External Communications Manager, TMF Group
D: +44 79 8331 4989

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