Sanne Group to acquire STRAIT Capital Company for up to $45m.

Sanne Group, a provider of asset management services, to acquire STRAIT Capital Company, a North American private equity and hedge fund administration business headquartered in Dallas, for up to $45m. "Our aim is to be the best in the industry which means building a leading US business, both organically and through strategic acquisitions. STRAIT has an impressive track record of growth, a strong management team and the same focus on high quality client service to the alternative investment industry. We look forward to working alongside them to contribute to the continued success of our combined teams over the years to come," Martin Schnaier, Sanne CEO.