Today, European tech investor Tenzing announced that its portfolio company, Altum Group, a leading international provider of Fund, Corporate and Family Office solutions, has agreed to acquire Link Fund Solutions (Luxembourg) S.A. (Link Luxembourg), a leading provider of third-party alternative investment fund manager (AIFM) and management company services, from Link Group.
Link Luxembourg is part of the Link Group’s Fund Solutions business. It is regulated by the Commission de Surveillance du Secteur Financier (CSSF) and is authorised to deliver management company services to both alternative investment funds and open-ended mutual funds within the EU. Completion is subject to regulatory approval from the CSSF.
Established in 2018, Link Luxembourg provides services to an institutional client base through offices in Luxembourg and Lugano, Switzerland. The business employs more than 20 highly qualified employees, the majority of which are based in its Luxembourg office.
Zena Couppey, CEO of Altum Group, commented: “The acquisition of Link Luxembourg further expands our growing presence and service capability within the Luxembourg fund services provider sector. We believe that Altum is uniquely positioned to take Link Luxembourg forward, providing high-quality solutions to support its institutional client base. We look forward to fully supporting the Link Luxembourg team and enabling them to focus on growing the business and continuing to provide exceptional service to its clients.”
Karl Midl, CEO of Link Fund Solutions, commented: “The sale of Link Luxembourg is an important part of Link Group’s simplification strategy. We believe Link Luxembourg will be best placed to achieve its full potential for its people and clients with the benefit of Altum’s experience and expertise in this sector. We wish all of our people every success as they enter a new chapter with Altum.”
Jean-Luc Neyens, Managing Director of Link Luxembourg, commented: “We are delighted to be joining Altum which is increasingly seen as an exciting new and disruptive brand within the fund services provider sector. Joining Altum will allow us to focus on developing and expanding our service proposition and invest in supporting our client’s needs as they too continue to evolve and grow. We look forward to working with Altum to continue to build the confidence of asset managers, asset owners and investors in the fund market.”
Gareth Healy, Investment Lead at Tenzing, added: “Altum’s strategic expansion through the acquisition of Link Luxembourg allows us to provide a fully integrated funds service solution to our global clients. We’re very excited to welcome Link Luxembourg to the team and use their expertise to further elevate the standards of service excellence in the industry.”