SGG boosts Asia offering with Iyer Practice bolt-on
Private equity-backed fund administrator SGG Group has expanded into Asia following its acquisition of advisory and compliance business Iyer Practice.
The business, which is owned by mid-market European private equity house Astorg Partners, bought up Iyer as it looks to continue its growth on a global scale.
Throughout the past two years, SGG has grown rapidly through its buy-and-build strategy, and this latest acquisition will help it "establish a strong presence in the attractive Asian markets", explained CEO Serge Krancenblum.