Following receipt of regulatory approval from the Commission de Surveillance du Secteur Financier ("CSSF"), Centaur has completed its purchase of Luxembourg Capital Partners S.A.
This is exciting news for Centaur as we continue to receive a number of enquiries from funds and related entities seeking administration services in this favourable tax and legal regime. Centaur’s Luxembourg office is now open for business and will focus on servicing private equity and real estate funds and related corporate entities.
Centaur recently acquired Luxembourg Capital Partners S.A., an existing administration firm, which provides a full suite of fund administration services to funds, family office and corporate vehicles. This acquisition brought Gerry Salucci and a team of experienced industry professionals to Centaur to spearhead the establishment and growth of Centaur Luxembourg. An industry expert who has worked in the financial services industry in Luxembourg since 1996, Gerry is using his expertise to service existing clients and to build the firm’s client base in Europe.
Commenting on Centaur’s Luxembourg business, Gerry said: “We are delighted to have secured the authorization so quickly and are excited to be able to deliver fund administration services in Luxembourg. There is a real gap in the market for firms such as Centaur, whose independence and accountability are renowned. I’m delighted to be part of a team that is so client-centric and look forward to building Centaur’s presence in Luxembourg and beyond.”
Karen Malone, Founding Partner of Centaur comments: “We are thrilled to have Gerry on board. It’s a real coup for Centaur to have such an industry veteran at the helm. Centaur Luxembourg can now service local clients, while being backed by our existing global network which enables PE and real estate clients to benefit from an international team that is the most experienced in the industry”.