Astorg-backed SGG Group acquired First Names Group for €85m.

SGG Group, a leading investor services firm, backed by Astorg Partners, has received regulatory approval and the transaction to acquire First Names Group has successfully completed. This acquisition considerably strengthens SGG Group’s reach and capabilities in key markets such as Jersey, Guernsey, the Isle of Man, Switzerland, Cyprus and Ireland with the combined Group becoming a significant force in the provision of investor services to ultra-high-net-worth families, corporates and fund clients worldwide. Commenting on the acquisition, Serge Krancenblum, Group CEO of SGG Group, said: “This acquisition represents a key milestone for SGG Group as we continue with our international expansion. First Names Group perfectly complements our existing client offering and grows our jurisdictional capabilities, giving us a truly global footprint while still allowing us to maintain personal relationships with our clients. Beyond this, First Names Group appealed to us because of its highly experienced team and client base which are highly complementary to ours, its similar history and shared vision for the future. We are very proud of this acquisition and we are excited to work together with the First Names Group team to take our combined business to new heights.”