TMF Group to acquire Selectra Management Company
TMF Group and Farad Group jointly announce the signing of an
agreement for the acquisition of Selectra Management Company by TMF Group from Farad Group.
Completion of the transaction is subject to regulatory approvals from the Commission de
Surveillance du Secteur Financier.
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
The strategic acquisition of Selectra is a key milestone in TMF Group’s drive to further grow its fund
services business. Selectra’s expertise and service offering will complement TMF Group’s fund
activities in Luxembourg.
Frank Welman, regional head for TMF Group said: “We’re delighted to welcome Selectra, their staff
and their clients to TMF Group. Selectra is a well-established management company with the
experience and the licenses to provide all the services that their clients – and our clients – require.
This will be a huge step forwards for our organisation.”
Andrew O’Shea, global head of fund services at TMF group said: “The acquisition of an established,
market-leading management company marks an important milestone for TMF Group. We now
provide a full suite of funds services, allowing fund managers to derive all their funds administration
solutions from one single provider.”
Marco Cipolla, Managing Director of Selectra, said: “We are happy that Selectra has been chosen
by TMF for its excellence in the market, and becoming part of TMF Group gives our clients access
to the services and reach of a firm with a footprint in 80 countries worldwide. Together, we will be
best positioned to meet our clients’ needs and enable them to focus on their core investing activities
while being able to rely fully on a first-class partner for their funds.”
Marco Caldana, Chairman and Founder of Farad Group, said: “Over the last seven years, we have
successfully developed Selectra to the established management company it is today. We are
delighted to have TMF Group as a partner for the future growth of Selectra, its collaborators and its
clients. We are convinced that TMF Group will continue to unlock the full potential of Selectra to the
benefit of all its stakeholders.”
The sellers were assisted by Deloitte Luxembourg (M&A advisor) and Volckrick & Associates
(legal advisor) for this transaction. TMF Group was assisted by Allen & Overy (legal advisor) and
PwC Luxembourg (financial and regulatory due diligence) for this transaction.
About Selectra Management Company
Selectra Management Company is an independent professional partner servicing the entire range
of Luxembourg funds (SICAV, Mutual Fund, RAIF, SIF and SICAR) on behalf of its clients. Selectra
Management Company is based in Luxembourg and is supervised by the Commission de
Surveillance du Secteur Financier. Selectra Management Company also has a representative office
About Farad Group
Founded in 2001 in Luxembourg, Farad Group is an independent and diversified financial platform
providing institutional clients with Asset Management, Investment Funds, Impact & SRI Finance,
Wealth Planning and Insurance Brokerage solutions. Through a B2B services platform, thoughtfully
developed along its many years of activity, Farad Group has successfully created, developed and
managed high-end companies and investment products.
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.
NOTES TO EDITORS
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