Centralis' Governance, Risk and Compliance service line broadens its offering with latest acquisition
*Luxembourg, London and Cayman, 27 October 2022*
Centralis today announced its intention to expand Cayman business operations through the proposed acquisition of Cayman-based directorship services provider Danesmead Ltd.
The transaction includes a varied client portfolio across the alternative asset space, including private equity, real estate, and hedge funds.
Centralis Group is a leading alternative asset and corporate services provider, offering a full range of services and expertise to a global client base. The Group has established itself as an industry leader through customer-centric service delivered by more than 270 experienced professionals.
Headquartered in Luxembourg with presence in 13 countries, Centralis recently launched its Governance, Risk and Compliance service line following the acquisition of Wheelhouse Advisors.
Danesmead is a specialist firm focused on providing experienced independent directors and governance services to the alternative funds industry. Two additional senior industry professionals, Kim Bishop and Richard Scott-Hopkins, recently joined the Danesmead team.
The deal will significantly broaden Centralis' Governance, Risk and Compliance offering to the alternative investment sector and supports the Group's strategic objective of growing its client base in this fast-growing financial outsourcing segment.
"We are delighted to welcome Nick, Brad and the Danesmead team to the Centralis Group. This is a strategic acquisition to add further depth to our existing Governance, Risk & Compliance proposition to the alternative funds market. Both the leadership and team from Danesmead join us with a wealth of experience which will support Centralis Governance, Risk and Compliance in bringing both current clients and new clients best-in-class solutions as we continue to innovate."
Nick Gaze, Director, Danesmead Limited, commented:
"We are excited to join the Centralis Group and be part of their growth plans. I believe their global offering and deeper service solutions delivered by experienced local teams will broaden the benefits we bring to our existing clients in supporting their long-term growth plans. The Danesmead team come with highly specialised knowledge that complements the Centralis Governance, Risk and Compliance team. Together, we are extremely well-placed as an organisation for future business opportunities."