TMF Group completes acquisition of Selectra Management Company
TMF Group a leading provider of critical compliance and administrative services, has today completed the acquisition of Selectra Management Company from Farad Group, following the permission granted by Commission de Surveillance du Secteur Financier, the Luxembourg regulator authority. This strategic acquisition will extend and enhance TMF Group’s fund services offering.
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 nonEuropean
Frank Welman, regional head for TMF Group said:“We’re delighted to announce the completion of the acquisition of Selectra. Their service offering is a key component of our fund strategy and enables us to be a full-service provider.”
Andrew O’Shea, global head of fund services at TMF group added: “We are thrilled to welcome Selectra into the TMF family. The addition of this exceptional team strengthens our position as a leading provider of integrated solutions for fund managers.”
He continued: “Offering a truly global presence, our strategy is to support fund managers throughout the lifecycle of their fund, regardless of where fund raising occurs or where capital is deployed.”
Marco Cipolla, Managing Director of Selectra, said: “We are delighted that Commission de Surveillance du Secteur Financier gave the greenlight for the completion of the acquisition. Our clients will now have access to the services and reach of TMF Group, a firm with a footprint in 80+ countries worldwide.”
Marco Caldana, Chairman and Founder of Selectra, said: “After seven years of stable and steady growth, we are delighted to be part of TMF Group, a strategic partner that will shape Selectra’s future growth, by supporting its collaborators and clients.”
The sellers were assisted by Volckrick & Associates (legal advisor). TMF Group was assisted by Allen & Overy (legal advisor).
NOTES TO EDITORS
For further information, please contact:
Giampaolo Arghittu, External Communications Manager, TMF Group
D: +44 7983314989
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.