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Announced

Completed

Astorg-backed IQ-EQ completed the acquisition of JGM Fund Services for $145m.

Financials

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Transaction ValueÂŁ125m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

fund administration

Private

Asset Managers and Custodians

Majority

Completed

Cross Border

Friendly

United States

Synopsis

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Astorg-backed IQ-EQ, an investor services group, completed the acquisition of JGM Fund Services, a provider of fund administration and tax services, for $145m. "IQ-EQ is a leading investor services group that brings together global technical expertise with a deep understanding of its clients’ needs. IQ-EQ offers a comprehensive range of compliance, administration, asset and advisory services to fund managers, multinational companies, family offices and private clients operating worldwide," Ben Jamron, JGM Fund Services Managing Partner.

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