Key Takeaways
- • Fidence, a Luxembourg-based corporate services group backed by Amethis, has acquired MITCO Group in Mauritius for an undisclosed price, adding approximately USD 5.5 million in annual revenue and 90 professionals to its platform.
- • The acquisition establishes Fidence's presence in Mauritius and the Seychelles, two strategic financial centres, and represents the group's second major expansion following its acquisition of CW Partners in December 2025.
- • MITCO, founded in 1993 and historically part of CIEL Finance, is a management company providing corporate, fiduciary, and fund administration services to international institutional, corporate, and private clients across both jurisdictions.
- • The transaction received required regulatory approvals from the Financial Services Commission in Mauritius and the Financial Services Authority in the Seychelles, expanding Fidence's geographic footprint to eight locations globally including Luxembourg, France, Morocco, and the United Arab Emirates.
- • The combined platform now serves corporates, investment funds, family offices, high-net-worth individuals, and institutional investors with enhanced cross-border structuring and investment vehicle administration capabilities.
Summary
Fidence, a Luxembourg-headquartered corporate services group backed by private equity firm Amethis, has completed the acquisition of MITCO Group, a Mauritius-based management company, marking a significant expansion of its international platform in African and global financial centres. The transaction, which received regulatory clearance from both the Financial Services Commission in Mauritius and the Financial Services Authority in the Seychelles, adds approximately USD 5.5 million in annual turnover and integrates approximately 90 professionals into Fidence's workforce, expanding its global headcount substantially.
MITCO, established in 1993, holds the distinction of being among the first management companies licensed by the Financial Services Commission in Mauritius. The firm was previously owned by CIEL Finance, the investment and financial services division of CIEL Limited, one of Mauritius' leading diversified conglomerates. MITCO specializes in providing corporate, fiduciary, fund administration, and related support services to international institutional, corporate, and private clients, with particular expertise in cross-border structuring and the administration of investment and holding vehicles.
This acquisition represents the second major expansion milestone for Fidence under Amethis backing, following the acquisition of CW Partners in December 2025. The transaction establishes the group's direct presence in Mauritius and the Seychelles, both recognized as leading international financial centres with significant institutional investor bases. Combined with existing operations in Luxembourg, France, Morocco, and the United Arab Emirates, Fidence now operates across eight locations globally, positioning itself as a pan-regional service provider capable of addressing the complex needs of multinational investment vehicles and high-net-worth family offices across multiple jurisdictions.
The strategic rationale centers on geographic diversification and capturing growing demand for fiduciary and fund administration services across African and Indian Ocean-based financial hubs, which serve as critical gateways for international capital deployment and cross-border structuring activities.
MITCO, established in 1993, holds the distinction of being among the first management companies licensed by the Financial Services Commission in Mauritius. The firm was previously owned by CIEL Finance, the investment and financial services division of CIEL Limited, one of Mauritius' leading diversified conglomerates. MITCO specializes in providing corporate, fiduciary, fund administration, and related support services to international institutional, corporate, and private clients, with particular expertise in cross-border structuring and the administration of investment and holding vehicles.
This acquisition represents the second major expansion milestone for Fidence under Amethis backing, following the acquisition of CW Partners in December 2025. The transaction establishes the group's direct presence in Mauritius and the Seychelles, both recognized as leading international financial centres with significant institutional investor bases. Combined with existing operations in Luxembourg, France, Morocco, and the United Arab Emirates, Fidence now operates across eight locations globally, positioning itself as a pan-regional service provider capable of addressing the complex needs of multinational investment vehicles and high-net-worth family offices across multiple jurisdictions.
The strategic rationale centers on geographic diversification and capturing growing demand for fiduciary and fund administration services across African and Indian Ocean-based financial hubs, which serve as critical gateways for international capital deployment and cross-border structuring activities.
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