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11/2025

BLACKFIN CAPITAL takes majority stake in Arendt Investor Services

LUXEMBOURG Professional Services / Consulting & Audit EV 300M - 700M EUR

Context

By acquiring a majority stake in Arendt Investor Services, BlackFin Capital Partners captures a premier Luxembourg-based asset servicer generating in turnover and structurally expands its footprint within the European alternative investment market. Announced in November 2025, this definitive leveraged buyout orchestrates a strategic corporate carve-out, allowing the target's former parent company—the prominent law firm Arendt—to partially divest its holdings while retaining a significant minority stake to maintain long-term alignment and consultational synergies. Based on industry sources, the financial parameters of the transaction value the target entity at an overall enterprise value of , reflecting a robust multiple on its EBITDA. Under the newly formed governance structure, the executive leadership, led by Chief Executive Officer Christian Heinen, alongside Claude Niedner serving as Chairman of the Board, will remain firmly at the operational helm to ensure seamless service continuity for existing clients. The underlying strategic thesis motivating this institutional capital injection focuses on accelerating the target's cross-border commercial trajectory beyond its domestic stronghold, pushing its specialized one-stop-shop fund solutions into new European jurisdictions. The incoming private equity sponsor intends to leverage its deep operational expertise in scaling financial service platforms to broaden the target's geographic reach and aggressively upgrade its technological infrastructure. The execution of this complex transaction mobilized an extensive network of specialized advisory firms. On the sell-side, the exiting parent entity mandated Deloitte to act as the exclusive end-to-end financial M&A advisor, while EHP provided comprehensive legal counsel. Conversely, on the buy-side, the acquiring fund retained Bain & Company for strategic commercial due diligence, PwC for integrated financial, tax, and technology audits, and engaged both Clifford Chance and Gide to meticulously structure the legal framework of the buyout. The closing of the deal remains strictly conditional upon receiving formal approval from the CSSF and satisfying customary regulatory procedures.

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Target

Arendt Investor Services (AIS) is a regulated Professional of the Financial Sector (PFS) operating under the strict supervision of the CSSF from its corporate headquarters in Luxembourg. Providing a comprehensive and integrated suite of corporate, fund, and tax services, the company acts as a dedicated operational partner for alternative asset managers, asset servicers, and international family offices. Its broad operational scope encompasses end-to-end fund administration, corporate governance, operational anti-money laundering (AML) protocols, and complex tax compliance services. Furthermore, the enterprise manages a third-party Alternative Investment Fund Manager (AIFM) operating under the AManco brand, alongside highly specialized depositary services. Supported by a dedicated workforce of 320 professionals, the organization is ISO 22301 certified and systematically utilizes advanced technology-driven solutions to manage the administrative and operational complexities of modern investment structures. Historically integrated within the broader Arendt Group, the service provider leverages deep regulatory expertise to offer a definitive one-stop-shop value proposition for institutional clients actively navigating the heavily regulated European financial ecosystem.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Arendt Investor Services by BLACKFIN CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: arendt investor services

Acquirer: blackfin capital