The international provider of private wealth, corporate, capital, fund and due diligence services has boosted its European finance capabilities through a purchase.

Elian has completed its acquisition of SFM Europe for an undisclosed sum.

SFM Europe, which has over €1 trillion of assets under administration, offers services for the management of securitisations, structured finance and asset finance to global banks, investment managers and blue-chip corporates.

As part of the deal, details of which were not disclosed, the SFM Europe team will be absorbed into Elian's existing international finance team. The combined service line will be made up of more than 150 employees and will be led by SFM Europe's chief executive, Robert Berry.

The acquisition also expands Elian's geographical footprint to 16 jurisdictions. It brings an increased presence across continental Europe, including the markets of Amsterdam, Dublin, Frankfurt, Lisbon, London, Luxembourg, Madrid, and Milan.

“The SFM Europe acquisition fits perfectly with our growth strategy and will enable us to continue our commitment to excellent client service by providing a wider range of services in more jurisdictions,” said Elian’s chief executive, Paul Willing.

“We are now integrating SFM Europe with the wider Elian business and are excited to offer clients our boosted international finance offering.”