Pandoo, Highvern and Permian have announced the signing of binding agreements to combine the businesses, with the continued backing from Jacobs Capital.
This partnership follows Jacobs Capital’s investment to combine Highvern and Permian in 2025. Pandoo’s senior management will reinvest alongside Jacobs Capital and existing Highvern and Permian shareholders.
Founded in 2009 by Charles Meyer, Pandoo is an independent Luxembourg-based provider of administration and management services for investment vehicles.
The newly combined Group will operate in nine jurisdictions with over 400 employees, including the Cayman Islands, Guernsey, Ireland, Jersey, Norway, South Africa, Sweden and the UK.
Martine Grün, John Wantz, Sven Rein, Partners at Pandoo, said: “We are excited to join forces with Highvern and Permian. Jacobs Capital is the right partner for us – they understand our culture, invest for the long term and empower entrepreneurial teams. Together, we share a strong focus on client service, agility and ownership, which will enable seamless collaboration from day one. Our Luxembourg expertise will thrive within this broader international platform. We thank our dedicated team and valued clients for their trust and support as we embark on this exciting journey together.”
Caroline Connellan, Group CEO at Highvern & Permian, said: “We are delighted to welcome Pandoo to the Group. Our partnership brings together highly skilled people and complementary businesses with closely aligned cultures and shared values. As a Group, we have an exciting opportunity to offer clients greater choice across asset classes and jurisdictions, while continuing to deliver the service standards they expect. We are very much looking forward to working with the PANDOO team.”
Johan Pettersson, Head of Business Services at Jacobs Capital, said: “We see the combination of Pandoo with Highvern and Permian as an important step towards building a next-generation, truly international, differentiated platform for fund services and private capital solutions. We are grateful for the opportunity and trust given to us to support PANDOO in its future strategy and will continue to invest in its people, technology and service excellence.”
