Astorg-backed IQ-EQ to acquire Davy Global Fund Management.

Astorg-backed IQ-EQ, an operator of an investment services firm, agreed to acquire Davy Global Fund Management, a boutique active manager with a distinctive quality-based approach to investing. Financial terms were not disclosed. “Together IQ-EQ and Davy Global Fund Management represent a compelling combination further enhancing our position as a leading global investor services company with scale in all key jurisdictions making IQ-EQ ideally placed to capture the significant market opportunities available to us by cross selling and up selling to our combined customer base not just in Ireland but globally. This acquisition represents the natural next step for our business in Ireland and the perfect opportunity to firmly establish ourselves as a player of significance in our sector. Welcome DGFM to IQ-EQ," Serge Krancenblum, IQ-EQ Executive Chairman.