Imara Trust, a multi-disciplinary professional services firm, has acquired 100% of the issued share capital of Fiducie Forte Management Services, a Mauritius management company.

This acquisition represents an increase to the company’s business by over a third and cements Imara Trust as one of the leading trust and corporate service providers in Mauritius and expands its business and international networks.

Fiducie Forte is a management company licensed by the Financial Services Commission, to provide inter-alia, company formation and administration, as well as trusteeship services. 

The firm has a reputation for quality based on strong client relationships and high compliance standards, evidenced by its consistent growth year on year.

Preetam Prayag, CEO Imara Trust, said that since the start of its operations in 2011, Fiducie Forte has been expanding its business year on year and is a highly profitable company. 

“The client base is made up of both institutional clients and private enterprises but more importantly, it has been providing ‘Family Office’ services – one of its core strengths - for some High Net Worth families in Africa and Asia,” he said.

“The acquisition of Fiducie Forte enables Imara Trust to further strengthen its position in Africa especially within the ‘Family Office’ sphere given Fiducie Forte’s existing client base and well-established relationships with a number of professional advisors. Additionally, with both the human and financial resources we have at hand, we can further develop business from Asia in markets where FiducieForte is active,” he told Africa Global Funds.

“The owners of FiducieForte were well known to Imara Trust and given our drive to grow our business in Africa and Asia, it made sense to make an approach to Fiducie Forte towards the end of 2016,” he added.

The current staff of Fiducie Forte has been integrated with Imara Trust.

Imara Trust was advised by its lawyers in Mauritius, C&A Law.

Prayag said that Imara Trust has grown into one of the leading management xompanies in Mauritius. 

“The growth in recent years has been from administrating and providing a range of other support services to companies investing particularly into Africa with which Mauritius has Double Taxation Agreements (DTA) in force,” he said.

“This success is due, to a large part, to the fact that through the Imara Holdings Ltd offices (our parent company) in various African countries, we are able to provide a host of value-added services to our clients within the Continent,” he added.