On February 24, 2021, KB Associates announced that it will acquire EFG Fund Management S.A.
Under the terms of the transaction, KB Associates (“KBA”) will acquire EFG Fund Management S.A. (“EFG”). The transaction remains subject to regulatory clearance. Terms of the deal were not disclosed.
KBA, based in Dublin, Ireland, is a fund and asset management firm specializing in providing management company, governance and compliance services to investment funds and asset managers. KBA has approximately €250 billion in assets under management.
EFG, based in Luxembourg, is a fund management company and is a subsidiary of EFG International AG, the Swiss Private Banking Group.
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