Professional services firm, Mourant, has announced its intention to acquire a Luxembourg law firm, LexField, and its affiliated governance services business, FideField.
In a statement on 8 December, Mourant said the acquisition will provide clients with legal, corporate and entity management services from Luxembourg, one of the world's leading international finance centres and the second largest global funds centre.
LexField is a boutique corporate and tax practice, specialising in private equity, investment funds, M&A and private wealth, led by partners Pierre-Yves Magerotte and Aldric Grosjean, both of whom are recognised as leading lawyers in the market .
FideField provides entity management services to corporate and financial services clients. The leadership team comprises Melina Howard (Head of Operations), Nicolas Poncelet (Head of Accounting) and Yeliz Bozkir (Head of Legal & Compliance).
The acquisition, which is driven by client demand for legal and governance services, is aligned with Mourant's multi-disciplinary growth strategy. It follows the acquisition of a specialist accounting business in January this year and the launch of Mourant Consulting Services in 2021.
Mourant Global managing partner, Jonathan Rigby, said: "We've spent several years getting to know the leadership team at LexField and FideField. There's a close strategic and cultural alignment between our businesses and we're delighted to be joining forces in Luxembourg. The LexField and FideField teams have a reputation for delivering the highest levels of service in law, corporate services and entity management. We look forward to welcoming our new colleagues and clients."
LexField partner, Pierre-Yves Magerotte, said: "Joining forces with Mourant marks the start of an exciting new chapter in the growth and development of LexField and FideField, creating new opportunities for our people to develop and grow."
LexField partner, Aldric Grosjean added: "Luxembourg is a strategic European entry point for structuring worldwide investments. By combining our insight and knowledge of the Luxembourg market with Mourant's experience and coverage across various key international finance centres, we see a great opportunity to enhance our combined offering.
FideField partner, Melina Howard, said: "We're delighted to be joining forces with Mourant as we share the same values. It will enable us to provide an even wider range of solutions and jurisdictions appealing to our clients and intermediaries."
The transaction, which is subject to regulatory approval, is scheduled to complete in Q1 next year.
