The firm did not disclose the financial terms of the deal, which is expected to close in 2014. CEFS International currently administers employee share participation programmes for around 100 corporate clients in Europe and Asia.
Montagu said that the sector will see a high level of consolidation in the coming years and CEFS “is well positioned to capitalise on this and increase market share through organic growth and opportunistic add-on acquisitions or partnerships.”
Montagu director Mads Hansen said, “We are very excited by this opportunity to invest in CEFS International and look forward to partnering with its strong management team to help the firm realise its full potential as a standalone business.
“UBS has developed CEFS International into one of the leading firms in the employee compensation plan industry in Europe and Asia. Our research has shown that there is nevertheless clear scope for further organic and acquisitive growth.”
Earlier this month Montagu exited Polish television and radio broadcast infrastructure provider Emitel for a return of more than two times.
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