PANDOO TO JOIN FORCES WITH HIGHVERN AND PERMIAN, BACKED BY JACOBS CAPITAL

London, Luxembourg 04 MARCH 2026

PANDOO, Highvern and Permian (the “Group”) are pleased to announce the signing of binding agreements to combine the businesses, with the continued backing from Jacobs Capital. This partnership represents a significant milestone in the Group’s strategy to expand into key strategic markets and further consolidates its position as a leading international provider of fund services and private capital solutions, following 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 a leading independent Luxembourg-based provider of administration and management services for investment vehicles, offering a fully integrated, end-to-end platform for alternative investment structures. It brings proven Luxembourg expertise, an established and growing client base, and a reputation for high-quality client service.

The newly combined Group will operate in nine jurisdictions with over 400 employees.  This provides clients with greater choice and immediate access to Luxembourg, Europe’s leading alternative investment fund market, complementing the Group’s existing footprint including the Cayman Islands, Guernsey, Ireland, Jersey, Norway, South Africa, Sweden and the UK, and supporting accelerated organic growth.  
Clients will also have access to broader asset class expertise, including PANDOO’s experience in high-growth sectors such as real estate, real asset structures and private debt, alongside private equity and venture capital.

Together, the businesses share a strong client-centric approach and a commitment to service quality, underpinned by ongoing investment in people and technology. The combined Group increases scale and international reach, bringing together highly skilled and specialist teams with closely aligned cultures and shared values. This positions the Group to better address increasingly complex client needs, deliver consistent service excellence, and support long-term sustainable growth.

Subject to regulatory approvals, the transaction is expected to close in the second half of 2026.

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 behind service excellence.”