Waystone Announces Acquisition of BIL Manage Invest in Strategic Growth Move
Deal News | May 07, 2025 | Montagu Private Equity
On May 7, 2025, Waystone, renowned for its superior asset management services, confirmed its intent to acquire BIL Manage Invest, pending regulatory approval. BIL Manage Invest, under Banque Internationale Luxembourg (BIL) Group, is a prominent management company in Luxembourg. This move aims to boost Waystone's assets under management (AUM) in Luxembourg by 15%, enhancing its market presence and supporting its strategy to lead in third-party management company services across Europe. The acquisition will also integrate 26 new staff into Waystone's Luxembourg team, reinforcing its industry presence and service capabilities. Waystone's leadership, including Group CEO Sanjiv Sawhney and Continental Europe's Country Head Denis Harty, emphasized the expanded customer and team opportunities arising from this merger. Alain Bastin, CEO of BIL Manage Invest, expressed confidence in the deal's long-term value for stakeholders. Waystone aims to leverage this acquisition to provide a broader service range globally, while BIL Manage Invest brings valuable local insights and expertise.
Sectors
- Asset Management
- Financial Services
Geography
- Luxembourg – BIL Manage Invest is a Luxembourg-based Management Company, and Luxembourg is a pivotal location for Waystone's European strategy.
- Continental Europe – The acquisition is part of Waystone's strategy to enhance its service offerings and market position across Continental Europe.
Industry
- Asset Management – The article involves Waystone, a provider of governance, administration, and compliance services to the asset management industry, and BIL Manage Invest, a management company specializing in the fund industry.
- Financial Services – Banque Internationale Luxembourg (BIL), the parent company of BIL Manage Invest, operates in various financial services, including retail, private, and corporate banking.
Financials
- 15% – Increase in Waystone's AUM in Luxembourg anticipated from the acquisition of BIL Manage Invest.
- 26 – Number of new employees joining Waystone's Luxembourg team from BIL Manage Invest.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Waystone | Acquirer | Company | A leading provider of governance, administration, risk, and compliance services to the asset management industry. |
| BIL Manage Invest | Target | Company | A reputable Luxembourg-based management company under Banque Internationale Luxembourg (BIL) Group. |
| Banque Internationale Luxembourg (BIL) | Vendor | Company | The oldest multi-business bank in Luxembourg, active in retail, private, and corporate banking, and financial markets. |
| Sanjiv Sawhney | Group CEO at Waystone | Person | CEO leading Waystone's strategic growth and overseeing the acquisition of BIL Manage Invest. |
| Denis Harty | Country Head for Continental Europe at Waystone | Person | Oversees Waystone's operations and expansion strategy in Continental Europe. |
| Alain Bastin | CEO at BIL Manage Invest | Person | CEO of BIL Manage Invest, supporting the acquisition and future integration with Waystone. |
| Lizzie Murray | Media Contact | Person | Media contact at Vested for communications related to Waystone. |