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Universal Investment Group to acquire EFA

Universal Investment Group continues its internationalisation strategy in the fund services market via Luxembourg. The shareholders of EFA have signed an agreement to sell their shares to Universal Investment.

Universal Investment to acquire Luxembourg s EFA

Germany s Universal-Investment enters Irish ManCo market

Germany s Universal-Investment enters Irish ManCo market Dec 17, 2020 By Funds Europe German fund administrator Universal-Investment Group has acquired management company Metzler Ireland in a move to enter the Irish funds market, which is a beneficiary of growth in the provision of ‘ManCo’ services. The terms of the deal were not disclosed. The acquisition, which is still subject to regulatory approval, sees Universal-Investment creating a third servicing hub after Germany and Luxembourg. Universal-Investment and Metzler already have a large number of common clients for which they act as administrator and asset manager, respectively, and intend to cooperate on Irish fund launches. Universal-Investment had already taken over the fund pricing and legal reporting for around 300 mutual and institutional funds launched by Metzler Asset Management in Germany and Ireland with a volume totalling over €56 billion.

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