M and A
Deals Of The Day: The Latest In Wealth Management M&A - IQ-EQ, France

The latest M&A deals in wealth management.
IQ-EQ
Investor services group IQ-EQ, with over $500 billion of
assets under administration, has bought the Paris-based
accounting business Conseil Expertise & Synthese.
The French firm, which is led by its principal, Jean-Noël
Servans, and three other senior partners, has been operating
since 2010. CE&S offers accounting, tax, payroll and
corporate secretarial services to a range of fund managers,
entrepreneurs, corporates, and high net worth clients. The deal
will result in the creation of a 75-person business in
France.
“The acquisition of Conseil Expertise & Synthese will position us
as a leading provider in France. The firm has an impressive
reputation for its client services with a highly experienced team
of experts in place, and adds further scale and a strong client
book to our French operations,” IQ-EQ executive chairman, Serge
Krancenblum, said.
“As the fourth largest private equity market in the world and the
second highest recipient of European foreign direct investment,
France represents a key strategic growth market for the group
given the recent surge in new business creation,” IQ-EQ said in
its statement.
The firm said that its CE&S acquisition, together with its
recent appointment of Bruno Noyon as new managing director in
France, had left it “extremely well positioned” to tap the
market.
The CE&S business, which will initially retain its existing
brand identity, will be integrated with the existing businesses
in France, Equitis and Peru & Partners.
IQ-EQ employs more than 3,000 people worldwide.