Fiduciaire Jean-Marc Faber (FJMF), a Luxembourg-based independent provider of trust, fund, corporate, accounting, tax and payroll services, recently announced that it will partner with AnaCap, a London-based private equity (PE) specialist, to drive the next stage of its corporate development.
Founded in 1995 by Jean-Marc Faber, FJMF is a member of the Ordre des Experts-Comptables (OEC) and employs approximately 70 people, led by its three partners Jean-Marc Faber, Christophe Mouton and Daniel Galhano. The company has described itself as a "one-stop-shop" provider for more than 1,800 clients, mostly institutional fund customers and patrimonial clients.
FJMF noted that it has experienced "significant growth" in recent years, which it attributes to "a combination of strong organic growth and strategic acquisitions". Together with AnaCap, a British PE investor specialising in business services, technology and software within the European financial ecosystem, FJMF is set to further build out its client services and be "an active consolidator" in the "highly fragmented" corporate and fund services market. All three FJMF partners will remain actively involved in the business. The transaction is expected to close during the first half of April 2025.
Jean-Marc Faber, founder and Managing Partner at FJMF, commented: "We are pleased to partner with AnaCap and are very excited by what lays ahead of us for this new chapter. AnaCap's entrepreneurial approach, track record and shared ambitions convinced us that they were the right partner to support us in our growth journey. We have very high ambitions for the company as we look to continue expanding the value proposition for our clients and become a trusted consolidator in the corporate, fund and trust services sector."
Steven Gringoire, Director at AnaCap, added: "We look forward to working closely with the entire team at FJMF and are thrilled for them to join the AnaCap platform. We were impressed with the company's recent growth, market reputation and constant focus on the quality of its services. We see an opportunity to cement FJMF's leading position through increased M&A activity, continuous growth and expansion of the product proposition in an attractive sector. We are very excited for the next chapter of the company's growth."
Nassim Cherchali, Managing Partner at AnaCap, said the acquisition "aligns with the AnaCap philosophy of partnering with founder-led platforms to support them during their next stage of growth". He concluded: "We believe FJMF is well-positioned to become a key consolidator in a highly fragmented local market, with this consolidation leading to improved service offerings for clients."
PwC Luxembourg acted as exclusive M&A advisor to the shareholders of FJMF; Arendt & Medernach provided legal advice.
