AnaCap Buys Stake in Luxembourg-Based FJMF
Deal News | Mar 28, 2025 | EIN
AnaCap, a private equity firm, has agreed to acquire a majority stake in Fiduciaire Jean Marc Faber (FJMF) in Luxembourg. FJMF provides corporate administration, accountancy, trust, fund, and payroll services and serves over 1,800 institutional and patrimonial clients with a staff of around 70 full-time equivalents. This acquisition marks AnaCap's second investment in Luxembourg, following the sale of First Names Group in 2017. AnaCap's managing partner, Nassim Cherchali, expressed optimism about FJMF's potential as a consolidator in a fragmented market. This move is the third investment from AnaCap's latest flagship fund. Separately, Miami International Holdings (MIH) intends to acquire The International Stock Exchange Group (TISE) in Guernsey for approximately $91.5 million. MIH East Holdings, a subsidiary of MIH, aims to purchase the remaining shares it does not own in TISE, where it currently holds a 29.46% stake.
Sectors
- Private Equity
- Wealth Management
- Financial Markets
Geography
- Luxembourg – FJMF is based in Luxembourg, and AnaCap’s acquisition highlights the market’s consolidation.
- Guernsey – TISE is located in Guernsey, relevant to MIH's planned acquisition.
- United States – Miami International Holdings, based in the U.S., is involved in the acquisition of TISE.
Industry
- Private Equity – AnaCap's acquisition of FJMF is a significant private equity transaction aiming to capitalize on market consolidation.
- Wealth Management – FJMF operates in the wealth management sector, providing services to institutional and patrimonial clients.
- Financial Markets – TISE is involved in financial markets, offering securities listing services.
Financials
- 70.4 million GBP ($91.5 million) – The cash offer made by MIH for the acquisition of TISE.
- 66.4 million GBP – Net purchase price MIH anticipates after option exercises in its TISE acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AnaCap | Buyer | Company | Private equity firm acquiring a majority stake in FJMF. |
| Fiduciaire Jean Marc Faber (FJMF) | Target Company | Company | Luxembourg-based firm providing corporate and financial services. |
| Miami International Holdings (MIH) | Buyer | Company | U.S.-based company acquiring TISE through its subsidiary. |
| The International Stock Exchange Group Limited (TISE) | Target Company | Company | Guernsey-based stock exchange entity. |
| MIH East Holdings Ltd | Subsidiary Buyer | Company | Wholly owned subsidiary of MIH making the offer for TISE. |