Montagu Private Equity-backed Universal-Investment Group completed the acquisition of Metzler Ireland.

Montagu Private Equity-backed Universal-Investment Group, an investment management company, completed the acquisition of Metzler Ireland, a fund management company. Financial terms were not disclosed. "The sale of Metzler Ireland Limited lets us focus fully on our core competencies in asset management. Metzler will remain active as a portfolio management company and continue to offer high-quality master KVG solutions for discerning institutional investors. The sale of the Irish fund management company to a specialised fund service platform such as Universal-Investment Group is the right step, and our clients will also benefit from the high service quality offered by Universal-Investment Group," Gerhard Wiesheu, Metzler Partner.