Target Information

Waystone has announced its intention to acquire BIL Manage Invest from Banque Internationale à Luxembourg (BIL) Group, pending regulatory approval. BIL Manage Invest is a reputable Luxembourg-based Management Company (ManCo) known for its expertise and client-focused services within the investment management sector. This acquisition will enhance Waystone’s assets under management (AUM) in Luxembourg by approximately 15% and solidify its market presence across Continental Europe.

As a well-established ManCo, BIL Manage Invest brings a strong reputation and long-standing client relationships that will contribute significantly to Waystone’s growth strategy. The acquisition will also bring 26 new professionals to Waystone’s team in Luxembourg, further strengthening its operational capabilities in the region.

Industry Overview in Luxembourg

The asset management industry in Luxembourg is one of the most dynamic in Europe, characterized by a stable regulatory framework and a favorable business environment for fund services. Luxembourg continues to be a hub for international asset managers due to its strategic location, developed infrastructure, and highly skilled workforce. The Grand Duchy has established a robust ecosystem that supports both traditional and alternative investment strategies.

As a key player in the global financial market, Luxembourg holds the second-largest investment fund market in the world, trailing only the United States. The continuous introduction of innovative financial products and investments, coupled with evolving regulatory frameworks, keeps Luxembourg at the forefront of asset management services.

Additionally, the growth of cross-border distribution and the increasing demand for sustainable investment options are shaping the landscape, driving further expansion and diversification within the sector. Luxembourg is well-positioned to capitalize on these trends, making it an attractive market for asset management companies.

The Rationale Behind the Deal

This acquisition aligns with Waystone’s long-term objective of becoming the leading third-party ManCo, alternative administration, and corporate services provider in Luxembourg. By integrating BIL Manage Invest, Waystone aims to leverage increased expertise and resources, enhancing its ability to serve clients effectively. This strategic move not only improves Waystone’s competitive edge in Luxembourg but also strengthens its overall service offerings across Europe.

Waystone’s Group CEO, Sanjiv Sawhney, emphasized that this acquisition represents an important milestone in their growth trajectory, enabling the company to deliver greater value and a broader range of capabilities to its global clientele.

Investor Information

Waystone is a prominent provider of institutional governance, administration, risk, and compliance services dedicated to the asset management industry. With over 20 years of experience, Waystone has built a strong foundation in the global investment landscape by offering comprehensive services that help clients manage their investment strategies with confidence. The firm partners closely with institutional investors, investment funds, and asset managers worldwide, ensuring robust governance and compliance for various investment structures.

Banque Internationale à Luxembourg (BIL), founded in 1856, is the oldest multi-business bank in Luxembourg, operating across retail, private, and corporate banking sectors. BIL is renowned for its substantial contribution to the Luxembourg economy and maintains a strong presence in various international financial markets.

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The acquisition of BIL Manage Invest by Waystone appears to be a strategic and beneficial investment, as it significantly enhances Waystone's capabilities and position within the rapidly growing Luxembourg market. By integrating BIL’s well-regarded services and client base, Waystone is well-equipped to meet the evolving demands of investors in this vibrant region.

This deal reflects a forward-thinking approach that underscores the importance of scalability and expertise in achieving sustained growth. The additional resources and expertise from the BIL Manage Invest team will undoubtedly support Waystone’s ambition to expand its service offerings and better serve its clientele.

Furthermore, the acquisition positions Waystone as a more formidable competitor against other leading players in the European asset management sector, thereby amplifying its growth potential not only within Luxembourg but across the broader continental market. Overall, the deal stands as a testament to Waystone's commitment to enhancing client value and service delivery through operational excellence.

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