Guernsey: Carey Olsen Sees Continued M&A Trend In Fund Administration Acquisitions In The Channel Islands
Last Updated: 3 December 2014

Orangefield Group's purchase of Legis Fund Services in Guernsey is part of an emerging mergers and acquisitions (M&A) trend within the offshore fund administration sector according to offshore law firm Carey Olsen.

Carey Olsen advised the Dutch administration business on the legal aspects of its purchase of a majority interest in Legis Funds. The acquisition is due to complete at the end of November 2014.

Carey Olsen senior associate, Tony Lane, said that the deal was the most recent of a number of significant M&A transactions in the financial services sector on which the firm provided the legal advice this year.

Carey Olsen also advised Anson Group Limited on the sale of its fund administration business to JTC Group and First Names Group on its acquisition of Mercator, an independently-owned, private client, corporate, fund and trust management business.

Mr Lane said: "These transactions all feature an international business acquiring a predominantly Channel Island firm and there are strong mutual benefits.

"Clients are increasingly looking for fund administrators with capability in multiple jurisdictions to reflect their own global profiles and interests and becoming part of an international group allows a local business to share the significant costs and increasingly globalised nature of regulatory, compliance and reporting requirements."

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

In association with
Press Releases from this Firm
Recent Content from this Firm
By Nick Bullmore, Dylan Wiltermuth, Robert Coombes
By Christopher Anderson, Konrad Friedlaender, Natasha Kapp, James Stockwell
By Ben Mays, Andrew Chissick, Tim Wright, Olga Osadchaya
By Anthony McKenzie, Robert Coombes
By Natasha Kapp, Tim Bamford
By Tony Lane, Clinton Hempel
By Elaine Gray, Mark Dunster, Huw Thomas, Carly Parrott
By Tony Lane, Tim Corfield, Tim Bamford, Jamie Oldfield
By Jeremy Garrood, Oliver Lindop
By Ben Mays, Andrew Chissick, Tim Wright, Olga Osadchaya
Font Size: