CBPE invests in Centralis

The firm is currently investing from its CBPE Capital Fund IX, which closed on £459m in 2016. The fund writes equity cheques of €30-35m and has made five investments to date, according to Unquote Data.

The current management team, which joined Centralis in 2011, will stay on to lead it. The founders have sold their stakes and will step down from the board, while CPBE partner Ian Moore and investment director James Whittington will join it.

The company will continue pursuing organic growth and implement a buy-and-build strategy to expand its geographical footprint and service capabilities following the transaction.

Company
Founded in 2006, Centralis offers corporate services such as incorporation, corporate secretarial, accounting, management, tax compliance, payroll and HR activities, treasury services and debt administration services. Headquartered in Luxembourg, the company also operates in eight other countries and employs 150 people.

People
CBPE Capital – Ian Moore (partner); James Whittington (investment director); Adam Richardson (investment manager).
Centralis - Aidan Foley (group managing director).

Advisers
Equity - Reed Smith (legal); KPMG (financial due diligence, tax); Oliver Wyman (commercial due diligence); Duff & Phelps (corporate finance); Intuitus (IT due diligence); AJ Gallagher (insurance due diligence).
Company – Deloitte (M&A); Wildgen (legal).
Management - Allen & Overy (legal).

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• Topics
• Buyouts
• Benelux
• Support services
• Luxembourg
• Close Brothers Private Equity (CBPE)