Standish Management to acquire Halsey Group.

Standish Management, an independent provider of fund administration services, agreed to acquire Halsey Group, a Luxembourg-based fund and corporate services provider dedicated to international private equity and real estate investment firms. Financial terms were not disclosed. "We are delighted to welcome the Halsey Group team to Standish as the first step in our long-term strategy of expanding our global servicing capabilities. With interest growing for European-domiciled fund vehicles, on top of the EU Alternative Investment Fund Managers Directive, Luxembourg has emerged as the leading European domicile for alternative asset funds. By joining forces with Halsey, we believe we significantly strengthen our ability to serve the evolving administration needs of our existing and future clients in Europe,” Owen Kiely, Standish Management Head of Europe.