ARTICLE
26 April 2010

Bachmann Group Announces Management Buyout

G
GuernseyFinance

Contributor

Guernsey Finance is a joint industry and government initiative which seeks to promote and connect the island’s financial services sector in its chosen markets internationally. Based in Guernsey, the agency conducts marketing, communications and business development for members firms and also employs representatives in London, Hong Kong and Shanghai.
The Guernsey-headquartered Bachmann Group has announced a partial management buyout of its principal operations.
Guernsey Wealth Management

The Guernsey-headquartered Bachmann Group has announced a partial management buyout of its principal operations.

The deal was finalised on 1 April 2010 and means that now 40% of its shares are owned by the 35-strong senior management team and the remaining 60% will be retained by founder Peter Bachmann.

"The success of Bachmann can be attributed to the talented, driven and committed attitude of the senior management team and their staff," said Gerry Williams, the Chief Executive of the Bachmann Group.

"The MBO recognises this dedication and enables them to further reap the rewards that their skills will inevitably create."

Founder Peter Bachmann said that he was delighted with the deal, which marks the next stage of growth for Bachmann. This could include potential acquisitions and new employment opportunities within the group.

The Bachmann Group, which employs 120 staff, was established in 1974. It is one of the largest independent fiduciary services organisations in the Channel Islands and also has a fund administration arm to the business.

For more information about Guernsey's finance industry please visit www.guernseyfinance.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More