- Intertrust to acquire the business of Sameer Mittal & Associates LLP, a leading corporate services provider in India, subject to closing
- Acquisition will enable Intertrust to support corporate clients looking to expand in the region
Intertrust, a global leader in providing tech-enabled fund and
corporate solutions, has reached a binding agreement to acquire the
corporate services business of Sameer Mittal & Associates a
leading provider based in India, expanding the firm's global
footprint and enabling it to more effectively support its corporate
clients in the region.
Sameer Mittal & Associates, which was established in 2012, has
been Intertrust's preferred corporate services partner in the
region since 2016 and currently employs approximately 50 permanent
members of staff. The business provides a range of administration
services dedicated to servicing multinationals, private equity and
funds clients. The acquisition will enable Intertrust to provide
its corporate clients with a full suite of services in India in
addition to serving its global clients onshore where demand is also
steadily growing.
The acquisition of Sameer Mittal & Associates, which is located
in New Delhi's financial and technology hub, builds on
Intertrust's strategic commitment to being at the forefront of
technology and will help facilitate more effective on the ground
support for new and existing corporate clients.
The majority of Sameer Mittal & Associates employees will
transition over to Intertrust, including Sameer Mittal, its
Managing Partner, who will become Managing Director of the new
operation. Sameer will report to Daniel Jaffe, Managing Director
Market Offices at Intertrust.
Daniel Jaffe, Managing Director Rest of World,
said: "Despite the current global economic turmoil caused by
COVID-19, Intertrust remains focused on our growth plans and
expanding our footprint wherever we see opportunities and to meet
our client's direction of travel. As a business, we have
witnessed growth in Asia-Pacific and today's acquisition builds
on the recent opening of offices in Shenzhen, Australia, New
Zealand and Abu Dhabi.
"On behalf of everyone at Intertrust, I would like to welcome
Sameer Mittal to the business and I look forward to working with
the team in India as we continue to grow and expand our corporate
services offering in the region."
Sameer Mittal, Managing Partner at Sameer Mittal &
Associates, added: "We are delighted to be joining
Intertrust, a business we have worked with for over three years.
The move is a natural progression of our existing relationship and
we are happy to be part of the wider Intertrust family, a business
that is already very highly regarded in the region."