Intertrust to expand footprint in India with acquisition of leading corporate services provider
01 Septembre 2020 - 08:30AM
Intertrust to expand footprint in India with acquisition of leading
corporate services provider
1 September 2020
- Intertrust to acquire the business of Sameer Mittal
& Associates LLP, a leading corporate services provider in
India, subject to closing
- Acquisition will enable Intertrust to support corporate
clients looking to expand in the region
Intertrust, a global leader in providing tech-enabled fund and
corporate solutions, has reached a binding agreement to acquire the
corporate services business of Sameer Mittal & Associates a
leading provider based in India, expanding the firm’s global
footprint and enabling it to more effectively support its corporate
clients in the region. Sameer Mittal & Associates, which was
established in 2012, has been Intertrust’s preferred corporate
services partner in the region since 2016 and currently employs
approximately 50 permanent members of staff. The business
provides a range of administration services dedicated to servicing
multinationals, private equity and funds clients. The acquisition
will enable Intertrust to provide its corporate clients with a full
suite of services in India in addition to serving its global
clients onshore where demand is also steadily growing.
The acquisition of Sameer Mittal & Associates, which is located
in New Delhi’s financial and technology hub, builds on Intertrust’s
strategic commitment to being at the forefront of technology and
will help facilitate more effective on the ground support for new
and existing corporate clients. The majority of Sameer Mittal &
Associates employees will transition over to Intertrust, including
Sameer Mittal, its Managing Partner, who will become Managing
Director of the new operation. Sameer will report to Daniel Jaffe,
Managing Director Rest of the World at Intertrust. Daniel
Jaffe, Managing Director Rest of the World,
said: “Despite the current global economic turmoil caused
by COVID-19, we remain focused on our growth plans and expanding
our footprint wherever we see opportunities and to meet our
client’s direction of travel. As a business, we have witnessed
growth in Asia-Pacific and today’s acquisition builds on the recent
opening of offices in Shenzhen, Australia, New Zealand and Abu
Dhabi. On behalf of everyone at Intertrust, I would like to welcome
Sameer Mittal to the business and I look forward to working with
the team in India as we continue to grow and expand our corporate
services offering in the region.” Sameer Mittal, Managing
Partner at Sameer Mittal & Associates, added: “We are
delighted to be joining Intertrust, a business we have worked with
for over three years. The move is a natural
progression of our existing relationship and we are happy to be
part of the wider Intertrust family, a business that is already
very highly regarded in the region.”
- Intertrust to expand footprint in India with acquisition of
leading corporate services provider.pdf