Linklaters advises Waystone on the acquisition of BIL Manage Invest

Linklaters has advised Waystone, a leading provider of institutional governance, administration, risk and compliance services to the asset management industry and a portfolio company of Montagu and Hg, on the acquisition of BIL Manage Invest, a Luxembourg-based management company (ManCo), from Banque Internationale à Luxembourg (BIL).

The acquisition, which remains subject to regulatory approval, is set to increase Waystone’s assets under management (AUM) in Luxembourg by approximately 15%. It will also expand the team by 26 members while enhancing the firm’s reach and capabilities throughout continental Europe. This strategic acquisition aligns with Waystone’s long-term strategic objective of becoming the leading provider of third-party management company, alternative administration, and corporate services in Luxembourg. It further reinforces Waystone’s position as the fastest-growing third-party ManCo in Luxembourg and a leader in Europe.

“We are proud to have advised Waystone on this landmark transaction. This purchase will strengthen Waystone’s presence in Luxembourg and contribute to the evolution of the European asset management landscape. Our team seamlessly worked across multiple practices and offices to ensure agreement on this strategic acquisition.”,  commented Manfred Müller, Linklaters LLP.

The cross-border and multi-practice Linklaters team was led by Corporate partners Daniel Law, Manfred Müller and Catherine Kremer, alongside counsel Maxime Bertomeu-Savalle and Investment Funds partner Raoul Heinen.

Key members included Investment Funds managing associate Natalie Lapham, Corporate managing associates Jake Thornton (London) and Nathalie Zurel, as well as associates Kavi Shah (London), Lucas Hieronimus, and Lana Al Hajjar.

Additional support came from Commercial partner Marly Didizian, Commercial managing associate Danny Greenland and Employment team members Counsel Marie Sinniger and managing associate Alyssia Méchalikh.