M&A Deal Summary

GLAS Acquires Watiga

On December 15, 2024, GLAS acquired business services company Watiga

Acquisition Highlights
  • This is GLAS’s 1st transaction in the Business Services sector.
  • This is GLAS’s 1st transaction in Singapore.

M&A Deal Summary

Date 2024-12-15
Target Watiga
Sector Business Services
Buyer(s) GLAS
Deal Type Add-on Acquisition

Target

Watiga

Singapore, Singapore
Watiga is a corporate, trust, and funds service provider. Offering a range of tailored trust, fiduciary and custodian services, Watiga Trust is a member of the Singapore Institute of Banking and Finance, the Singapore Trustees Association, the Singapore Venture and Private Capital Association and the Asia Pacific Loan Market Association. Watiga is based in Singapore.

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Buyer(S) 1

Buyer

GLAS

London, United Kingdom

Category Company
Founded 2011
Sector Financial Services
DESCRIPTION

GLAS is an independent, non-creditor provider of loan agency, restructuring and capital market administration services globally. GLAS was founded in 2011 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Singapore) 1 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-31 Pristine

Paris, France

Pristine is an asset management and trust business. Pristine provides fiducie and fund structuring and management services to both international and domestic institutions with the primary purpose of facilitating corporate financing in France. Pristine was formed in 2016 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-05 Serica Trust & Agency

Singapore, Singapore

Serica Trust & Agency is a loan agency and trustee services provider that serves corporate agency, trust and escrow services with a roster of blue-chip institutional clients predominantly located across the Asia-Pacific region. Serica Trust & Agency is based in both Singapore and Hong Kong.

Buy -