ZEDRA Expands with Investment in RBB Business
Deal News | Dec 13, 2024 | EIN
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ZEDRA, a global provider of wealth, corporate, and fund services, has made a notable investment in RBB Business, a French firm specializing in accounting, HR, and tax services. Founded in 1982 in Paris, RBB Business will see 33 of its staff members in Paris and Auray transferring to ZEDRA, bolstering the headcount to over 1,200 across 17 countries. This strategic move aligns with ZEDRA's mission to expand its footprint in France and enhance capabilities in corporate and global expansion services. The investment details remain undisclosed. Key investors in ZEDRA include Corsair, a buyout firm from New York, and BCI, ensuring financial backing for international growth. Additionally, ZEDRA has partnered with Gryphon, an Ohio-based fund administrator, to extend its reach within the private funds sector.
Sectors
- Wealth Management
- Corporate Services
- Private Fund Services
Geography
- France – RBB Business, which ZEDRA has invested in, is based in France.
- United States – ZEDRA partners with Gryphon, a firm based in Ohio, indicating its strategic interests in the US market.
Industry
- Wealth Management – ZEDRA operates in the wealth management sector providing wealth services.
- Corporate Services – The investment and partnership expand ZEDRA's corporate services offerings in accounting, HR, and tax services.
- Private Fund Services – Through its partnership with Gryphon, ZEDRA is increasing its service capacity in the private fund ecosystem.
Financials
- Undisclosed – The investment size and scope in RBB Business by ZEDRA remains undisclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ZEDRA | Investor | Company | A firm specializing in wealth, corporate, and fund services. |
| RBB Business | Target Company | Company | A French firm providing accounting, HR, and tax services. |
| Gryphon | Partner | Company | An Ohio-headquartered fund administrator. |
| Corsair | Majority Investor | Company | A New York-based buyout firm and majority investor in ZEDRA. |
| BCI | Minority Investor | Company | British Columbia Investment Management Corporation, a minority investor in ZEDRA. |