Juniper Square , the leading provider of innovative fund software and administration solutions for the private markets, announced a definitive agreement to acquire Forstone Luxembourg , a division of Forstone Group, to expand its global fund administration and services presence. The transaction is subject to customary regulatory approvals.
Forstone Luxembourg was founded in 2021 and offers fund administration, transfer agency and other fund services in Luxembourg . The strategic acquisition of Forstone Luxembourg brings additional expertise and a solid presence in the European market. Juniper Square will further strengthen its commitment to offer a global and comprehensive suite of services to its clients, helping them easily and efficiently overcome the complexities of cross-border transactions.
Alex Robinson , CEO and co-founder of Juniper Square, said: “This acquisition builds on the approach we have taken from day one: working closely with our customers to truly understand their needs and find new and innovative ways to support them. It further strengthens the global expansion we began in India earlier this year . We are delighted to welcome the Forstone Luxembourg team to Juniper Square and are excited about the deep knowledge and expertise of the Luxembourg market they will bring to our customers.” Robinson added: “As we got to know Forstone Luxembourg, it was clear that they share our values, passion and vision for transforming the private markets. We are thrilled to welcome them to the Juniper Square family.”
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Arnaud Brive, Co-Founder and Managing Partner of Forstone Luxembourg: “Juniper Square is having a huge impact on the private markets and stands out in the sector through its innovative approach. We are very excited to join forces and are confident that together we will achieve great things.”
Christine Egbert , General Manager for Fund Administration at Juniper Square, will oversee the integration of Forstone Luxembourg’s team, existing client base and technology into the Juniper Square environment, saying: “I joined Juniper Square to help scale a world-class services organization that delivers a truly modern solution to its clients. With the acquisition of Forstone Luxembourg, we can now offer Luxembourg- based administration services to our clients, a significant milestone for our business.”
The transition is subject to final regulatory approval, after which Forstone Luxembourg will operate as Juniper Square Luxembourg. The Forstone Group will continue to execute its strategy to serve the Luxembourg market by leveraging its expertise in the private markets and real estate sectors through core services such as traditional accounting and consulting.
Source: PRNewswire