Suntera Global seals deal to acquire fund administrator Khepri
Summary
The agreement aligns with Suntera’s pursuit of expansion, aimed at providing institutional clients with support across a diverse and growing array of alternative asset classes and regions. It aligns with Suntera’s strategy to provide a “full-service” fund administration offering in the UK and strengthens its existing portfolio for global asset managers. Suntera CEO David Hudson said: “We remain focused on expanding our international footprint, through both organic and inorganic growth, with an emphasis on asserting our specialised capabilities and a diversified proposition across geographies and service lines. By joining Suntera we have been enabled to leapfrog some of our own objectives in ensuring that we can continue to support our existing clients whilst being able to offer a wide range of additional services across multiple jurisdictions. Additionally, Suntera secured a financing package from Carlyle to refinance its existing debt and support organic growth and strategic acquisitions.