Centralis expands market presence with strategic acquisitions of Oakford Advisors and YLP Group
16-08-2024
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Centralis completes on the acquisitions of Oakford and YLP, bringing the total acquisitions completed to eight under CBPE's ownership.
Centralis Group (Centralis), a global leader in alternative asset and corporate services, is pleased to announce the successful acquisition of Oakford Advisors (Oakford), a UK-based outsourced service provider, and YLP Group (YLP), a Luxembourg-based corporate service provider. These acquisitions mark a significant expansion of Centralis’ capabilities and market presence, strengthening its position as a premier service provider in the alternative funds and corporate services sectors.
Centralis partners with alternative investment firms and corporate organisations providing administrative, global expansion and governance solutions tailored to each clients’ unique needs. The Group has established itself as an industry leader providing a customer centric tailored service via over 350+ highly experienced professionals. The Group is headquartered in Luxembourg, with presence in 12 countries and 16 locations globally.
Oakford acquisition: Broadening UK presence
Founded in 2017, Oakford is a growing outsourced service provider based in multiple locations in the UK. Oakford provides specialist services focussed on alternative fund clients, primarily these being hedge funds, private equity & real estate structures; aligning with Centralis’ existing service offering. Oakford clients and team will also have the benefit of accessing the existing and growing Centralis global service capabilities.
The acquisition will significantly broaden Centralis’ presence within this important market, with 40 employees joining from Oakford, resulting in Centralis becoming the leading UK alternative asset manager outsourced service provider with >100 employees. Oakford has a reputation for high quality of service, personalised approach and deep expertise, dovetailing with Centralis’ ‘client first’ approach and culture.
It is with great pleasure that I welcome the wider Oakford team to the Centralis Group. With this new acquisition, Centralis are poised to further elevate our service expertise & capabilities; thereby solidifying our position as one of the premier leaders in alternative funds outsourced solutions, and UK leader in outsourced services to the asset manager community.
We are extremely excited to join the Centralis Group. I am incredibly proud of what the Oakford team has achieved in the last 7 years, the growth of the brand and reputation within the sector, and the consistently high levels of client service we have delivered. We look forward to joining with Centralis for the next stage of the journey, and their global offering and broader scope of services will expand and compliment the outsourced business services we provide to our existing clients. Our businesses share a passion for continuous improvement, innovation, and client service, and culturally there is an excellent fit, and combined, we believe we are very well placed as an organisation for future business opportunities.
YLP acquisition: Strengthening Luxembourg market exposure
YLP, which was founded in 2014, is a growing corporate service provider based in Luxembourg. YLP is an Ordre des Experts-Comptables licenced business that provides services to alternative fund clients, primarily real estate & private equity structures, as well as multinational corporates; aligning with Centralis’ existing service offering.
The acquisition has significantly broadened Centralis’ reach in the Luxembourg market, deepening the presence of Centralis within the country’s key fund outsourcing service sector. The acquisition of YLP allows Centralis the opportunity to expand its current servicing capabilities to additional alternative fund clients, whilst providing the opportunity to YLP clients to benefit from the existing Centralis global services. YLP’s reputation for quality-of-service provision and company culture is aligned with that of Centralis.
We’re pleased to welcome YLP’s team to the Centralis Group. Their wealth of expertise and deep knowledge of the Luxembourg market will further enhance our ability to deliver top-tier solutions to both existing and new clients. We are excited to leverage our collective strengths to further drive successes together.
YLP is extremely excited to join the Centralis Group. After ten years of organic growth we understand that this acquisition will broaden the scope of services we can offer to our clients in Luxembourg and in new markets. Additionally, Centralis’ corporate culture and proven track record aligns with YLP’s motto since day 1 of ‘Quality service for the right price.
Eight acquisitions completed under CBPE ownership
CBPE invested in Centralis in May 2020, out of its Fund IX.
With the acquisitions of Oakford and YLP, Centralis has now completed eight strategic acquisitions under the ownership of CBPE Capital, further cementing its status as a global leader in alternative asset and corporate services.
About Centralis
Centralis Group partners with alternative investment firms and corporate organisations to provide tailored administrative, global expansion, and governance solutions. Headquartered in Luxembourg and with a presence in 12 countries, Centralis is committed to delivering client-centric services through its team of over 350 highly experienced professionals.
