HGGC to Buy Majority Stake in Centralis Group

HGGC, a middle-market private equity firm, has inked a deal to take a majority stake in Centralis Group, a Luxembourg-based firm in alternative asset and corporate services. Centralis had been backed by CBPE Capital, another private equity firm. The transaction’s financial details were not revealed, and it’s slated to wrap up in late 2025.

Centralis teams with alternative investment firms and corporate businesses, providing customized fund administration, SPV-fund linked services, plus global expansion and governance solutions to fit a wide range of client demands. With offices in the U.S. and U.K., their reach stretches across 13 countries.

“I have every confidence our new partnership with HGGC will support the Centralis team in our growth plans,” said Centralis CEO Aidan Foley. “We are highly appreciative of the excellent support that we have received from our previous investor CBPE, staff, suppliers and clients over the last five years.”

HGGC, headquartered in Palo Alto, CA, and managing around $8 billion in assets, spotlighted Centralis’ “stellar reputation” and “loyal customer base” as the big reasons behind the move.

Centralis was advised by Baird (exclusive financial adviser), Reed Smith (legal), PwC (financial, tax, operations and IT), Oliver Wyman (commercial), and Kroll (regulatory and compliance). HGGC was advised by Raymond James (exclusive financial advisor) and Kirkland & Ellis (legal advisor).