Alter Domus to buy MSC Group in $34b assets deal

Binaya Dahal

Journalist

7 May 2026

Alter Domus has agreed to buy Melbourne-based specialist trustee MSC Group in a deal covering $34 billion in assets under appointment, as it seeks to bolster its offering across Australia and the broader APAC alternative investment market.

The Luxembourg-headquartered corporate services provider said on Wednesday that the acquisition would expand its capabilities into licensed trusteeship, custody and debt capital markets services, complementing its existing Australian fund administration platform.

The transaction, which remains subject to regulatory approval and expected to close later this year, will give clients of both firm’s greater access to global infrastructure and technology-enabled services through a more integrated international operating model.

Alter Domus global head of client delivery and APAC Babloo Sarin said the acquisition strengthens the firm’s ability to support the region’s expanding alternatives market.

“Acquiring MSC Group brings together two complementary teams and underscores our commitment to offering industry-leading services to Australia’s growing alternative assets market,” Sarin said.

“This will see Alter Domus adding licensed capabilities in Australia and in key APAC areas to serve expanding demand among private credit and alternative asset clients.”

The companies said Alter Domus was advised by Gilbert + Tobin and KPMG, while MSC Group was advised by Ankura and HWLE on the transaction.

MSC Group founder and group managing director Matthew Fletcher said the deal will deliver stronger service capabilities and enhanced resources for clients.

“Joining the Alter Domus global platform enhances our service delivery with increased resources, technology investment, and expanded capabilities,” Fletcher said.

“We look forward to joining the Alter Domus global team and bringing the benefits of this to our clients in Australia and the APAC region.”

Fletcher, who founded MSC Group in 2012, will remain with the combined business following completion of the transaction.