- Addition further expands Sun European business services portfolio
- Company to benefit from Sun European’s buy-and-build expertise and operational toolkit for accelerating growth
London, UK – March 14, 2023 – Sun European Partners, LLP (“Sun European”), a leading private investment advisory firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced its affiliate has completed a majority investment in Anderson Business Advisors (“Anderson” or the “Company”), adding to Sun European affiliates’ growing business services portfolio. Management and employees of the Company reinvested proceeds from the sale to retain a significant minority stake in the Company.
Founded in 1999, Anderson is a Las Vegas, Nevada-based provider of corporate services, including entity formation and incorporation, registered agent, and tax and bookkeeping services, primarily serving real estate investors.
“The corporate services sector is highly fragmented, creating strong potential for Anderson to grow through strategic acquisitions that will increase market share and diversify its customers,” said Alexander Wyndham, Principal at Sun European Partners. “We are excited about the opportunity to work closely with the team at Anderson to build on its competitive advantages, which include a broad base of ~17,000 customers and a proven ability to navigate through challenging economic conditions.”
Demand for corporate services to real estate investors is expected to grow well above 6% annually, driven by several key tailwinds, including macroeconomic conditions, increase in outsourcing, tighter regulatory environment and strong pricing power.
“We are very pleased to welcome Sun European as our new partner and we look forward to working with them hand in hand to scale the business and capitalize on new opportunities“ said David Gass, CEO of Anderson Business Advisors. “Sun European’s success in the corporate services sector, coupled with their track record of executing buy-and-build strategies globally made Sun the ideal investor as we continue to grow.”
The acquisition underscores Sun European’s focus on the corporate services space, and follows the recent acquisitions by its affiliates of Fletchers Solicitors in 2021 and K3 Capital Group in February 2023. Fletchers has seen strong growth under Sun’s ownership, both through strategic add-ons and organic growth initiatives.
Sun European was assisted by William Blair (Financial Advisor), DLA Piper (Legal & Tax Due Diligence Advisor), McKinsey (Commercial Due Diligence Advisor), FTI (Financial Due Diligence Advisor), Marsh (Insurance Due Diligence Advisor) and Anura Ventures (Digital Marketing Advisor).
About Sun European Partners, LLP
Sun European Partners, LLP is a leading private investment advisory firm, focused on partnering with outstanding management teams to accelerate value creation. Since 1995, affiliates of Sun European have invested in more than 500 companies worldwide with revenues in excess of €40 billion across a broad range of industries and transaction structures. The Firm has built a reputation as a trusted partner, recognised for its operational experience. Sun European focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the Business Services, Consumer, Healthcare, Industrial, and Technology sectors. Sun European Partners has offices in London and affiliates with offices in Boca Raton, Los Angeles, and New York.
Further information is available at www.suneuropeanpartners.com
About Anderson Business Advisors
Anderson Business Advisors provides entity and trust formation, tax prep, and business planning services for real estate investors and business owners. By bringing together the estate planning, asset protection planning, business, and tax planning needs of clients under one roof, Anderson has created an efficient and effective way to provide their clients peace of mind knowing they aren’t overpaying taxes and their assets are protected. Anderson has serviced business owners and investors from across the United States since 1999.
07928 471 013 / 07815 068 387
Jen Renwick / Julia Tilley