CFE Finance boosts corporate and advisory services with Luxembourg acquisition

Fundeye
13 septembre 2021

CFE Group has completed its co-investment into independent regulated corporate service provider Luxembourg Fund Services.

It has acquired an equal stake alongside founder, Massimo Longoni.

The deal, operated through the jointly controlled platform, LFS Holding, was approved by CSSF Luxembourg Financial Supervisory Authority (Commission de Surveillance du Secteur Financier – CSSF).

Luxembourg Fund Services is an independent firm that specialises in regulated and unregulated investment funds, corporate domain, tax and accounting services, central administration, transfer agency. It boasts a team of professionals with over twenty years of experience in the funds industry alongside whole panel services such as accounting, administration and domiciliation for Luxembourg resident investment companies.

CFE Finance is an investment Banking boutique specialized in niche credit strategies and trade finance. It believes the new investment will strengthen its corporate and advisory services hub and expand its audience of investors.

The partners have jointly selected and partnered with an independent manager, Massimo Amato, to chair the boards of both LFS Holding and Luxembourg Fund Services. He has extensive experience and track record in the finance, banking and M&A domain.

Mario Cordoni, CEO and founder of CFE Finance said: “We are pleased to welcome to our group a widely renowned player such as Luxembourg Fund Services through the acquisition of LFS Holding. Luxembourg is a strategic area for us and expanding our range of services in investment funds will be an important pillar for the future growth of CFE Finance.”.

Massimo Amato, chairman of the board of LFS Holding and Luxembourg Fund Services added: “The strategic partnership between CFE Group and Mr. Longoni enhances the shareholding of LFS, allows a further development of the company in the medium term, both through its organic growth and through external lines. The objective is to participate through LFS as a protagonist in the near future, in the forecasted further consolidation of the reference market.”.