CACEIS, a leading player in institutional securities services, has completed its acquisition of Olympia Capital International (and its affiliates), the alternative investment fund administration specialist.

Olympia Capital administers some USD 70 billion in assets for funds domiciled in Bermuda, the Cayman Islands, the British Virgin Islands, Ireland and the United States. With a staff of 230, Olympia Capital provides high-quality services to clients in the alternative investment fund industry.

CACEIS delivers a comprehensive package of securities services to clients worldwide, from fund administration and custody to securities lending and foreign exchange services. The group administers USD 1.3 trillion in assets for its clients through offices across Europe, and has a strong focus on alternative investment products, which it services out of Luxembourg and Ireland.

Olympia Capital's activities will remain managed in the US by Barbara Lewnowski, in Bermuda and Canada by Raymond Morrison and in Ireland by John Walley. In the near future, the Irish fund administration activities of Olympia Capital and CACEIS will be merged under conditions yet to be defined.

Oscar Lewnowski, the founder and former owner of Olympia Capital International, says: 'The combination of Olympia Capital's and CACEIS's experience in alternatives, financial strength and quality is in the best interest of our clients. CACEIS's significant experience in providing customised services to the alternative investment community and its financial stability reflected by an impressive AA- rating from Standard and Poor's will enable us to deliver new and innovative services to our clients on a global basis'.

François Marion, Chairman of CACEIS, says: 'Alternative investments are the fastest growing division of the fund industry and a strategic priority for CACEIS. We understand that our clients require innovative and reliable services to support their business development plans, which is why we invest significant amounts in information technology and experienced staff. We are excited to add Olympia Capital to our Group and believe its clients will appreciate the benefits of a more comprehensive service offering both in terms of product range and geographic scope. We are proud to welcome them and the staff that support them to CACEIS.'

Lazard and Calyon have acted as financial advisers to CACEIS in this transaction. G.C. Andersen Partners, LLC has acted as financial adviser to Olympia Capital International.


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