© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Acquisition of IDS Broadens Sanne’s Alternative Asset Capabilities
Posted 15th March 2016

Acquisition of IDS Broadens Sanne’s Alternative Asset Capabilities

Sanne Group plc has today entered into an agreement to acquire IDS Fund Services (IDS), an independent South African based provider of outsourced investment administration services to the asset management industrY.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Acquisition of IDS Broadens Sanne’s Alternative Asset Capabilities
Image

Sanne Group plc has today entered into an agreement to acquire IDS Fund Services (IDS), an independent South African based provider of outsourced investment administration services to the asset management industry, with a particular focus on hedge fund clients.  The acquisition will cost up to £13.6 million depending on the final audited financial performance for the year ended February 2016.

IDS was established in 2002 and is based in Cape Town, South Africa with operations in Malta. IDS employs more than 140 staff, the majority of whom are based in its Cape Town headquarters, and administers structures and funds with assets in excess of R 80 billion (c. £.3.6 billion). Its services encompass middle office and back office functions, including NAV calculations, fund accounting, investor services, and transaction and cash management.

Dean Godwin, Chief Executive said:

“The acquisition of IDS is consistent with Sanne’s strategy of expanding the Group’s capabilities and product offering, and delivering greater jurisdictional diversification. IDS’s track record as a leading provider of hedge fund administration services complements Sanne’s existing alternative asset specialisms in private equity, real estate and debt. I am pleased to welcome the management team and look forward to working with them as IDS delivers the next stage of its growth and development as part of the wider group.”

Ian Hamilton, IDS Founder and CEO, added:

“IDS has successfully built its fund administration business over the past fourteen years. We are delighted to be joining Sanne who are recognised within the international fund and corporate administration sector as delivering a very high level of client service. This approach fits with IDS’s own service ethos and we are confident that we can continue to develop the breadth and quality of our service offering to meet the evolving needs of the funds sector in South Africa.”

The transaction is due to complete within three months.

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
ASEAN: A US$150bn Healthcare Market by 2017
Innovation
20/01/2015ASEAN: A US$150bn Healthcare Market by 2017

Asia-Pacific continues to drive global healthcare investment, innovation and growth, says Frost & Sullivan

Read Full PostRead - Eye Icon
IPOs at dawn: The good, the bad & the ugly
Finance
14/05/2021IPOs at dawn: The good, the bad & the ugly

Despite a challenging near year and a half for the world’s economy, Initial Public Offerings (IPOs) have increased globally. A flood of cash into the market coupled with a raft of selloffs have presented an opportunity for many businesses to capitalise. And

Read Full PostRead - Eye Icon
What Do You Need to Know Before Starting a Business?
News
27/06/2023What Do You Need to Know Before Starting a Business?

The above question might be better phrased as "What don't you need to know to start a business?" There's an enormous amount to learn, and you have probably already taken in a lot of it, such as how to write a business plan, seek funding, or do marketing resear

Read Full PostRead - Eye Icon
Close Brothers Asset Finance acquires Finance for Industry
Finance
31/01/2017Close Brothers Asset Finance acquires Finance for Industry

In 2016, Close Brothers Asset Finance acquired Finance for Industry, a leading specialist finance broker for the engineering, plastics and machinery sectors. The acquisition strengthens and expands Close Brothers Asset Finance’s existing offering in the mark

Read Full PostRead - Eye Icon
Abraaj Group Acquires Stake in Hepsiburada.com
Finance
Read Full PostRead - Eye Icon
Allen & Overy Advise During HIG European Capital Partners’ Acquisition of Centros Unico
M&A
20/08/2015Allen & Overy Advise During HIG European Capital Partners’ Acquisition of Centros Unico

Allen & Overy Advise During HIG European Capital Partners' Acquisition of Centros Unico

Read Full PostRead - Eye Icon
Rise Up Elevates Personalised Learning With Domoscio Acquisition
M&A
07/05/2024Rise Up Elevates Personalised Learning With Domoscio Acquisition

Rise Up, Europe's leading integrated learning solution with more than five million active learners globally, has announced its strategic acquisition of Domoscio, a French expert in Adaptive Learning.

Read Full PostRead - Eye Icon
Fourth Annual Major Purchase Consumer Study Provides Insights Across 13 Categories
Finance
14/09/2015Fourth Annual Major Purchase Consumer Study Provides Insights Across 13 Categories

Even with the increasing influence of digital technology on retail habits, the in-store experience is important in all major purchase decisions, with an overwhelming majority of shoppers buying in person.

Read Full PostRead - Eye Icon
GomSpace Completes Acquisition of NanoSpace
M&A
17/10/2016GomSpace Completes Acquisition of NanoSpace

GS Sweden AB the parent company of GomSpace ApS, has agreed with the Swedish Space Corporation to acquire 100% of the shares of NanoSpace AB, a wholly owned subsidiary of SSC.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow