27 October 2022 • Cayman Islands
Luxembourg, London and Cayman, [27th October 2022]
Centralis today announced their intention to expand their Cayman business operations through the proposed acquisition of the business of Cayman-based directorship services provider Danesmead Ltd. The deal will see the acquisition of a varied client portfolio across the alternative asset space, including private equity, real estate & hedge funds.
Centralis Group is a leading alternative asset and corporate services provider, offering a full range of services and expertise to its global client base. It has established itself as an industry leader, providing a customer-centric tailored service via over 270 highly experienced professionals. The Group is headquartered in Luxembourg, with presence in 13 countries globally, and recently launched a new Governance, Compliance and Risk service line on the acquisition of Wheelhouse Advisors.
Danesmead is a unique firm specialising in offering highly experienced independent directors & governance services to the alternative funds industry. Two further senior industry professionals, Kim Bishop and Richard Scott-Hopkins, recently joined the Danesmead team.
The transaction will significantly broaden Centralis’ Governance, Risk & Compliance offerings to the alternative investment sector, and further complements the Group’s strategic goal of building its client base in this fast-growing segment of the financial outsourcing market.
Matthew Crisp, Head of Centralis Governance, Risk & Compliance commented
“We are delighted to welcome Nick, Brad and the Danesmead team to the Centralis Group. This is a strategic acquisition to add further depth to our existing Governance, Risk & Compliance proposition to the alternative funds market. Both the leadership and team from Danesmead join us with a wealth of experience which will support Centralis Governance, Risk and Compliance in bringing both current clients and new clients best in class solutions as we continue to innovate. ”
Nick Gaze, Director, Danesmead Limited commented
“We are excited to join the Centralis Group and be part of their growth plans. I believe their global offering and deeper service solutions delivered by experienced local teams will broaden the benefits we bring to our existing clients in supporting their long-term growth plans. The Danesmead team come with highly specialised knowledge that complements the Centralis Governance, Risk and Compliance team. Together, we are extremely well-placed as an organisation for future business opportunities.”
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