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Carne Acquires GAM's Swiss and Lux Third-Party Fund Management Business

Services: Financial Institutions Date: 08/02/2024

A Matheson team led by Caroline Kearns, partner in Matheson's Financial Institutions Group, senior associate Dónal Feehan and associate Laura Hughes, have advised Carne Group, Europe's foremost third-party management company and a leader in regulation and governance solutions for the funds industry, on its acquisition from global asset management firm, GAM Group, of its third-party fund management services businesses in Switzerland and Luxembourg, which completed on 1 February 2024.

Matheson is pleased to have advised Carne on this strategically important transaction, which was subject to regulatory approvals in both jurisdictions and involved the entry into a new market for Carne in Switzerland.  This acquisition contributes to Carne's continued high growth trajectory, enhances its existing position in Luxembourg, and establishes new market capabilities in Switzerland, one of the world’s largest financial centres. The transaction demonstrates Carne’s strategy to be the leading partner in regulation and governance solutions for the funds industry.

Matheson's Financial Institutions Group comprises a mix of transactional and regulatory focused lawyers exclusively dedicated to serving the needs of our financial services clients, who are operating in an increasingly complex regulated global environment. Our specialist experience delivering for these clients on complex and innovative domestic and international corporate transactions, is why Matheson is repeatedly chosen to advise on significant transactions involving Irish and international financial institutions.


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