Electra's Elian picks up SFM Europe
Fund administration business Elian, backed by Electra Partners, has acquired SFM Europe.
The deal was funded by a blend of cash on Elian's balance sheet and debt raised from the refinancing of its existing debt facility.
Previous funding
Electra invested £81m in Elian in February 2014 as part of the company's £180m buyout from former parent Ogier Group.
Company
Founded in 1999, SFM provides corporate services including corporate governance and accounting services to special purpose vehicles for institutions engaged in securitisations and structured financings, as well as asset acquisitions, disposals and restructurings.
The business employs 100 people across its nine offices in Amsterdam, Dublin, Frankfurt, Jersey, Lisbon, Luxembourg, Madrid, Milan and London, where it is headquartered.
People
Chris Hanna is a partner at Electra. Paul Willing is CEO of Elian.
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