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Allen & Overy advised Estera on its acquisition of Allegro

 

03 October 2018

Allen & Overy advised Estera, a provider of corporate, trust, fund and accounting services, on its acquisition of Allegro, a Luxembourg-b​ased third-party Management Company with circa EUR8.2 billion in AUM.

The Allen & Overy team was led by Luxembourg-based corporate/M&A partner Fabian Beullekens, counsel Jacques Graas, senior associates Clémence Colson and Matthieu de Donder and associate Emilie Detroz, with the support on all regulatory aspects provided by investment funds counsel Yannick Arbaut, senior associate Jennifer Rouault and associate Céline Baiverlin. ​

Through this acquisition, Estera will supplement its existing multi-jurisdictional fund services arm, which includes fund administration and related services. CEO at Estera, Farah Ballands, commented on the transaction in a press release published on 29 September 2018: “This is a very exciting acquisition for Estera as Allegro’s business is highly complementary to our existing offering. There is tremendous cultural compatibility between our firms, with each of us valuing the quality of our services and commitment to clients, staff and other stakeholders. This sound, strategic acquisition enables us to provide our clients with investment fund services in Luxembourg and adds depth and breadth to our existing funds offering. It will be business as usual for both Allegro’s employees and clients.This transaction is an investment in, and validation of, Allegro. Our primary objective is to ensure that we retain the Allegro spirit and culture that resonates so well with our own and has served its client base so well over the last ten years.

Agreed on 20 September 2018, the deal is subject to regulatory approval in Luxembourg. Alongside Allen & Overy, advisers involved in this transaction included, for Estera: Travers Smith LLP, Duff & Phelps Limited and Deloitte Luxembourg, and for Allegro: Clifford Chance.

 

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Key people

Fabian Beullekens
Fabian Beullekens
Partner
Luxembourg
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Jacques Graas
Jacques Graas
Counsel
Luxembourg
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Yannick Arbaut
Yannick Arbaut
Counsel
Luxembourg
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Clemence Colson
Clemence Colson
Senior Associate
Luxembourg
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Jennifer Rouault
Jennifer Rouault
Senior Associate
Luxembourg
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Matthieu De Donder
Matthieu De Donder
Senior Associate
Luxembourg
Telephone icon+352 44 44 5 5297
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Céline Baiverlin
Céline Baiverlin
Associate
Luxembourg
Telephone icon+352 44 44 5 5314
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Emilie Detroz
Emilie Detroz
Associate
Luxembourg
Telephone icon+352 44 44 5264
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​​


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