Ebene, Thursday, August 27 – Fidence Group has announced the acquisition of MITCO Group, through its wholly owned subsidiary Hoche Partners Corporate Services (HPCS). Fidence Group is backed by Amethis Advisory, a leading private equity investment platform in the EMEA region.
This acquisition strengthens Fidence’s international corporate and fiduciary services platform and enhances its ability to support clients operating across multiple jurisdictions. It also expands the group’s capabilities in servicing complex cross-border structures, in line with its long-term development strategy.
Licensed in Mauritius since 1993, MITCO is a well-established corporate, fiduciary and fund services group, serving a diversified client base of corporate, institutional investors, funds and private clients across multiple jurisdictions. MITCO brings along a recognised expertise in corporate structuring, fiduciary services and fund administration, supported by experienced teams and a long-standing presence in Mauritius.
Through this integration, Fidence broadens its international reach while reinforcing its ability to support clients across jurisdictions.
“The acquisition of MITCO is a defining step in Fidence’s international development. Mauritius is one of the world’s leading financial centres, connecting the UAE, Africa and Asia while serving as a gateway to and from the key investment markets of the future. With MITCO, our clients gain direct access to these corridors through a team of recognised quality. I am particularly pleased that Mahen Govinda will join our shareholder base. His decision to invest alongside us reflects a shared long-term vision and strengthens the alignment within the partnership that leads our group,” commented the Chief Executive Officer of Fidence Group, Cornelius Bechtel.
MITCO will continue to operate under its established governance, risk and compliance framework. Its teams, client relationships and service model remain fully in place.
“MITCO has built a solid platform over the years. Joining Fidence allows us to build on that foundation while benefiting from additional scale and complementary capabilities across jurisdictions while preserving the institutional culture and fiduciary discipline that define our group,” said the Chief Executive Officer of MITCO, Mahen Govinda.
The transaction follows a structured ownership transition from CIEL Finance and K-Force Ltd. During its time within the portfolio of CIEL Finance, MITCO continued to develop its capabilities and strengthen its position in the corporate and fiduciary services sector.
For CIEL Finance, the transaction reflects disciplined portfolio lifecycle management and structured capital allocation.
“MITCO has evolved into a well-established and resilient business. This transition reflects our disciplined approach to portfolio management and positions the company well for its next phase of development. We are confident that MITCO will continue to develop successfully within its new shareholder framework,” added the CEO of CIEL Finance, Lakshman Bheenick.
MITCO will continue to operate from Mauritius, building on its established presence and expertise while benefiting from the broader international capabilities of Fidence group.
