Fidence, backed by Amethis, strengthens its international platform with the acquisition of MITCO in Mauritius
Luxembourg, Ebene, 25 August 2026
The acquisition of MITCO marks a further milestone in Fidence’s international expansion, following the acquisition of CW Partners in December 2025. It establishes the Group’s presence in Mauritius, one of the world’s leading international financial centres, and in the Seychelles.
Fidence, a leading Luxembourg-based corporate services group offering a comprehensive range of solutions to corporates, investment funds, family offices, high-net-worth individuals, and institutional investors, is proud to announce the acquisition of MITCO, a management company operating across Mauritius and the Seychelles, for an undisclosed consideration. The transaction has been completed following the receipt of the required regulatory approvals from the Financial Services Commission in Mauritius and the Financial Services Authority in the Seychelles.
MITCO was founded in 1993 as one of the first management companies licensed by the Financial Services Commission in Mauritius. Until this transaction, the firm formed part of CIEL Finance, the investment and financial services arm of CIEL Limited, one of Mauritius’ leading diversified groups. MITCO provides corporate, fiduciary, fund administration and related support services to international institutional, corporate and private clients. With a team of around 90 professionals, it has built a strong reputation in the market, advising on cross-border structuring and the administration of investment and holding vehicles. The acquisition adds approximately USD 5.5 million in annual turnover to the Group and increases Fidence’s global headcount by 90 staff.
Mauritius: a financial centre linking the UAE, Africa and Asia
Mauritius has established itself as one of the world’s most respected international financial centres, offering a stable, well-regulated and treaty-rich environment for cross-border structuring. It serves as a natural bridge between the UAE, Africa and Asia, and as a gateway to and from the key investment markets of the future. The acquisition gives Fidence a substantive operational base in this hub and enhances the Group’s ability to support clients with locally grounded expertise combined with international coordination and governance discipline.
The transaction also strengthens the alignment at the very top of the Group. MITCO will continue to be managed by Mahen Govinda as Chief Executive Officer, who will join the shareholder base of Fidence. His investment reinforces the partnership constituting the Senior Leadership Team of the Group, anchoring the firm’s long-term strategy in shared ownership.
“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 and 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.”
Cornelius Bechtel, Chief Executive Officer, Fidence
“Joining Fidence marks a new chapter for MITCO and our teams. We share the same standards of quality, governance and client service, and becoming part of an international platform allows us to offer our clients greater reach and depth. I am proud to continue leading MITCO within the Group and, as a shareholder, to contribute directly to Fidence’s next chapter.”
Mahen Govinda, Chief Executive Officer, MITCO
About Fidence
Fidence (formerly Hoche Partners Corporate Services) was founded in 2005 to support companies and investors in selling, acquiring and financing assets. The firm is a growing independent global service provider of corporate solutions, offering a broad range of accounting, administrative, legal, corporate secretarial and support services to corporate, institutional and high-net-worth clients around the world. Created in March 2025 through the merger of Hoche Partners Corporate Services and Paddock Corporate Services, and backed by Amethis, Fidence operates across Luxembourg, France, Morocco, Dubai, Geneva and, with this transaction, Mauritius and the Seychelles.
For more information: www.fidence.com
About Amethis
Member of the Edmond de Rothschild Private Equity Partnership, Amethis is an impact-oriented private equity firm focusing on financial, environmental and social sustainability on the African and European continents. With assets under management of over €1.4 billion, Amethis has made more than 50 investments to date. Amethis provides growth capital to promising mid-sized champions across a variety of sectors, offering growth support through its international network covering Europe and Africa, as well as the systematic improvement of their environmental and social impacts.
For more information : https://amethis.com