Walkers Professional Services Luxembourg deal
Walkers Professional Services (WPS) has entered into an agreement to acquire Value Partners, a Luxembourg professional-services firm.
This will establish WPS in one of the world's premier markets for alternative investment funds.
Since its launch in 2012, Value Partners has advised private equity, property and private-credit funds, banks, and multinational companies.
It employs more than 150 professionals and serves clients across local and international markets.
The acquisition marks a major step forward in WPS' plan to build a leading global professional services platform.
By establishing a presence in Luxembourg, WPS is advancing its reach in response to increasing client demand for high-quality support across the world's key financial centres.
When the deal is completed, Value Partners will continue to operate under its existing brand as an affiliated company of WPS and Walkers.
WPS and Value Partners will together have 560 staff across ten leading alternative-funds markets – including the Cayman Islands, London and Ireland, alongside Luxembourg.
Steven Manning (pictured), chief executive of Walkers Professional Services, said: “Our clients have been clear that they want WPS alongside them in Luxembourg, and this acquisition is our response.
Base
“Value Partners gives us an established base in the market and brings a highly respected firm into our European platform. It is a landmark moment for WPS and a strong foundation for what we can build together.”
Completion of the acquisition is subject to customary regulatory approvals.
Relevant notifications and approval processes are underway.