LUXEMBOURG and PALO ALTO, Calif. — 27th February, 2025—Centralis Group (“Centralis” or “the Group”), a leading global alternative asset and corporate services provider, today announced a transaction naming HGGC, a values-driven, partnership-focused middle-market private equity firm with over $8 billion of cumulative capital commitments, as its new majority investor. The deal is expected to close later in 2025, subject to customary closing conditions, including requisite regulatory approvals. Terms of the private transaction were not disclosed.
Centralis collaborates with alternative investment firms and corporate organisations, offering tailored fund administration, SPV-fund linked services, global expansion and governance solutions to meet diverse client needs. Headquartered in Luxembourg, with key locations in the U.S. and UK, the Group’s global footprint spans 13 countries. Centralis has established itself as an industry leader in providing customer-centric services, driven by a growing workforce of highly experienced, local and sector-specific professionals.
HGGC specializes in transforming good businesses in the middle market into great companies through its differentiated approach to partnership investing. Collaboration with investors, employees, and management teams is at the heart of the firm’s success as both investors and business builders. HGGC has an impressive portfolio of market leading businesses and brings deep expertise in scaling financial and business services companies. The firm will support the long-term strategic growth of Centralis, working in close partnership with Centralis’s leadership team to continue driving value creation and exploring new opportunities in business lines and jurisdictions aligned with Centralis’s agile and forward-thinking approach.
HGGC commented: “Centralis is well-known for its quality service, expertise in servicing complex funds and corporates, and breadth of solutions, all of which have produced a stellar reputation, loyal customer base, and strong growth. We are aligned with management on how to continue to unlock the potential the organisation has to offer and achieve our shared vision. We welcome CEO Aidan Foley and his team to the HGGC family, and we look forward to future successes.”
Aidan Foley, CEO of Centralis commented: “I have every confidence our new partnership with HGGC will support the Centralis team in our growth plans. Together, we will be well-positioned to continue to make significant inroads into the Group’s markets, and we are delighted to welcome HGGC as a partner to our business. We are highly appreciative of the excellent support that we have received from our previous investor CBPE, staff, suppliers and clients over the last 5 years.”
Deal advisers for Centralis:
- Exclusive financial adviser: Baird
- Legal Adviser: Reed Smith
- Financial, Tax, Operations + IT: PWC
- Commercial: Oliver Wyman
- Regulatory and Compliance: Kroll
Deal advisers for HGGC:
- Exclusive Financial Adviser: Raymond James
- Legal Adviser: Kirkland & Ellis
Media Contacts:
For Centralis Group:
kate@lacewingmedia.com
+44 7976 233992
For HGGC:
+1 646-502-3532
Notes for Editors:
About Centralis
Founded in 2006, Centralis is a globally leading alternative asset and corporate services provider. Centralis is headquartered in Luxembourg with key offices in the US, the UK, Barbados, Bulgaria, Cayman Islands, Guernsey, Hungary, Ireland, the Netherlands, Spain, Switzerland and Uruguay. Centralis specialises in providing a wide range of asset manager, fund, corporate, treasury, compliance & regulatory reporting, capital markets and business support services to private markets clients, international fund structures, real estate firms, regulated entities and multi-national corporates. Centralis employs over 440 highly experienced and qualified professionals across multiple locations in 13 countries.
About HGGC
HGGC is a values-driven, partnership-focused private investment firm. The firm’s ecosystem of investors, operators, and professionals are united by the shared mission to develop leading enterprises and build long term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200M – $1.5B+. The firm is based in Palo Alto, CA and manages over $8 billion in cumulative capital commitments. Since its inception in 2007, HGGC has completed more than 700 platform investments, add-on acquisitions, recapitalizations, and liquidity events with an aggregate transaction value of over $80 billion. More information, including a complete list of current and former investments, is available at www.hggc.com.