New York, July 15, 2019 – Quilvest Private Equity and Gen II Fund Services, LLC and affiliates (“Gen II”) announced today their intention to enter into a strategic agreement whereby Gen II will acquire Quilvest Luxembourg Services S.A. (“QLS”), and Quilvest will remain a client of Gen II. QLS is a Quilvest affiliate based in Luxembourg providing Private Equity/Real Estate administration services and supporting over $5 Billion of assets. The transaction is subject to regulatory approval. Upon closing QLS will change its name to Gen II Luxembourg Services.
“We are extremely fortunate to be aligning with Quilvest Private Equity (“Quilvest”). Quilvest has approximately 125 professionals (of which 55 work at QLS) focused on providing private equity and real estate investment programs to investors worldwide. The QLS platform will enable Gen II to further develop its relationship with Quilvest, while also providing Gen II’s clients with capabilities to have a Luxembourg base of operations and trusted partner in Europe,” said Norman Leben, Managing Principal and Co-Founder of Gen II.
“The QLS team is a highly experienced and well recognized professional group. We look forward to the QLS team joining Gen II and helping us expand our global servicing capabilities,” said Steven Millner, Managing Principal and Co-Founder of Gen II.
Alexis Meffre, Executive Chairman of Quilvest Private Equity said, “Our investment management team is excited to be working closely with Gen II. We believe that Gen II’s reputation of being a trusted partner and delivering best-in-class services is what sets them apart. Our existing QLS professional team will be provided with the unique ability to further develop their careers with a world class organization.”