Vistra cites Brexit in Deutsche acquisition

Global fund services firm Vistra has acquired Deutsche Bank’s private equity and real estate investment funds administration business.

The acquisition is subject to regulatory approval and the firm did not disclose financial details.

Vistra said the expansion would help it prepare for Brexit.

“It gives us presence in Ireland, a key strategic jurisdiction particularly in light of the upcoming 'Brexit' process, and additional capability in Mauritius where the bulk of the back-office administrative activity is carried out to high quality standards,” said Onno Bouwmeister, Vistra's group managing director of alternative investments' division.

The acquisition is Vistra’s fourth international expansion this year after its purchase of Australian firm Foster Raffan’s compliance division in May and Optegra in Germany in April. It also opened a Monaco office in February.