MOURANT has announced its intention to acquire Luxembourg law firm, LexField, and its affiliated governance services business, FideField.
The firm said that the acquisition would enable it to provide clients with legal, corporate and entity-management services from Luxembourg, one of the world’s leading international finance centres and the second-largest global funds centre.
LexField is a boutique corporate and tax practice, specialising in private equity, investment funds, M&A and private wealth, led by partners Pierre-Yves Magerotte and Aldric Grosjean.
FideField provides entity-management services to corporate and financial services clients. The leadership team comprises head of operations Melina Howard, head of accounting Nicolas Poncelet and head of legal and compliance Yeliz Bozkir.
Mourant says that the acquisition is ‘driven by client demand for legal and governance services, and is aligned with Mourant’s multi-disciplinary growth strategy’. It follows the acquisition of a specialist accounting business in January this year and the launch of Mourant Consulting Services in 2021.
Mourant global managing partner Jonathan Rigby commented: ‘We’ve spent several years getting to know the leadership team at LexField and FideField. There’s a close strategic and cultural alignment between our businesses and we’re delighted to be joining forces in Luxembourg. The LexField and FideField teams have a reputation for delivering the highest levels of service in law, corporate services and entity management. We look forward to welcoming our new colleagues and clients.’
LexField partner Aldric Grosjean added: ‘Luxembourg is a strategic European entry point for structuring worldwide investments. By combining our insight and knowledge of the Luxembourg market with Mourant’s experience and coverage across various key international finance centres, we see a great opportunity to enhance our combined offering.’
The transaction, which is subject to regulatory approval, is scheduled to complete in the first quarter of 2023.
