Inflexion-backed Ocorian acquires Allegro

Inflexion carved out Ocorian from Bedell Cristin in 2016. The business has since undertaken an acquisitive growth strategy, with the $100m bolt-on of Mauritius-headquartered Abax Holding in February 2018 – its fourth acquisition in a particularly active six-month period.

Ocorian completed its acquisition of Bridgepoint-backed Estera in February 2020 in a deal that valued the latter at £500-600m.

This is the combined company's first acquisition since the merger with Estera.

The latest acquisition was made to allow clients to minimise costs by using one entity with two or more authorisations across multiple asset classes and fund types.

Company
Based in Luxembourg, Allegro is fully licensed to provide management and fund administration services to AIF, RAIF, non-AIF and UCITS funds. It has around €8.7bn in assets under management, primarily in underlying investment strategies with a private equity and real estate focus. The company was founded in 2008.

People
Ocorian – Farah Ballands (CEO).
Allegro – Thomas Fahl (CEO).

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