On Friday 15 November 2024, ATOZ Services, a Luxembourg-based service provider to alternative funds, announced the acquisition of Seles Limited, a UK-based accountancy firm specialising in real assets.
This strategic acquisition is expected to enhance ATOZ Services' capabilities and broaden its service offering for clients in the real estate sector both in Luxembourg and internationally.
Located in London, Seles Limited has built a reputation for its services tailored to the unique needs of real estate companies. By integrating Seles' expertise and innovative technology into its operations, ATOZ Services said it aims to deliver an "even higher" level of service and efficiency to its clients.
This acquisition, as part of ATOZ Services strategy to become a partner of choice in the alternative fund sector, follows the firm's recent Luxembourg-based acquisitions of ME Business Solutions and Fund Solutions earlier this year.
Jean-Michel Chamonard, Managing Partner of ATOZ Services, said: "This acquisition aligns perfectly with our mission to provide best-in-class services to our clients in multiple jurisdictions. The addition of Seles' expertise will allow us to better serve the evolving needs of the real assets market and enhance our operational capabilities. This acquisition will allow us to leverage Seles' deep industry knowledge, providing clients with enhanced financial reporting, financial control management and accounting solutions."
"We believe that joining ATOZ Services will create significant opportunities for our clients and team," commented Ryan Seligmann, CEO of Seles Limited. "Together, with our client focussed approach, we will be able to offer a more robust suite of services and innovative solutions that meet the growing demands of our clients."
The transaction was finalised last week, with the companies saying they were both committed to ensuring a seamless transition for their clients and stakeholders.
