Cordium acquires Zodiac in latest buy-out
Cordium, the regulatory compliance firm, has acquired the Maltese-based Zodiac Advisory Services in what is its third buy-out in as many months.
Zodiac provides managers with compliance, risk, accounting and governance services. The deal will enable Cordium to offer hosted AIFM solutions to non-EU firms from Malta.
Staff and management including Zodiac chief executive officer Adam de Domenico will continue in their roles.
Private equity-backed Cordium acquired The Sigma Partnership in December 2013 and HedgeStart in January 2014. The firm has confirmed it plans further expansion through its buy and build strategy in 2014.