Africa-focused alternative investment firm Duet Group has acquired an Antwerp-based wealth manager, Merit Capital.
The acquisition of Merit will add around 2,000 clients to the Duet portfolio, and “expand the group’s European wealth management platform and diversify its business line”.
Duet co-founder Henry Gabay said the deal would “create a premiere European wealth management platform”.
Duet has a controlling stake in several alternative asset management firms with a focus on private equity, hedge/long-only fund and wealth management.
Merit Capital, which was founded in 2001, offers private placement, advisory wealth management, and discretionary wealth management services.
The acquisition, for an undisclosed sum, has been approved by the National Bank of Belgium.
Duet Group is an international investment firm with offices in London, where it is headquartered, New York, New Delhi and Accra, Ghana.
