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Estera acquires Allegro

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Estera has boosted its fund offering in Luxembourg with the acquisition of Allegro, a Luxembourg based third-party management company.

Allegro provides AIFM and fund administration services to AIF, RAIF, non-AIF and UCITS funds, with circa EUR8.2 billion in AUM, primarily in underlying investment strategies with a PERE focus.
 
The deal, which was agreed on 20 September 2018, is subject to regulatory approval in Luxembourg.
 
Allegro, which was founded ten years ago, is a licensed and regulated fund management company providing comprehensive services in the alternative asset space. The acquisition supplements the existing multi-jurisdiction fund services arm, which includes fund administration and related services.
 
This is a very exciting acquisition for Estera as Allegro’s business is highly complementary to the firm’s existing offering. There is tremendous cultural compatibility between the firms, with each valuing the quality of services and commitment to clients, staff and other stakeholders.
 
Manuel Hauser, the founder and CEO of Allegro, says: “We are excited to partner with a firm that has an international footprint and expertise that will provide added value for our clients whilst ensuring the same level of responsiveness and quality our clients appreciate. We rigorously selected our partner, and this represents the ideal outcome for both our clients and employees as our clients will continue to receive our personalised services from their existing client service teams. We are looking forward to being part of the Estera Group and to building on the success we have already achieved in Luxembourg.”
 
“Our strategy of acquiring the highest quality, independent businesses in key markets has been very successful. We now operate in eleven key jurisdictions around the world and have built outstanding funds capability alongside our corporate and private wealth services. We already have a presence in Luxembourg following our acquisition in July 2017 of Headstart, a leading service provider to private equity structures in Luxembourg, and partnering with Allegro facilitates an enhanced service offering, including AIFM services and fund administration.”
 

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