SGG Group, the fund administrator backed by private equity firm Astorg, has acquired family-run advisory and compliance group Iyer Practice.

Iyer is based in Singapore and Hong Kong and is the latest in a string of deals secured by SGG during the last two years. The transaction follows SGG’s purchase of First Names Group, which was bought from AnaCap last year, and will see the business increase staff numbers to 1,700 professionals around the world.

Astorg first backed SGG in 2015, acquiring the business from Cobepa.