Leading global fiduciary and administration provider, Estera,
has acquired Guernsey-based Morgan Sharpe Administration
The deal was finalised on Monday 27 February and is subject to
regulatory approvals, following which the business will be
rebranded under the Estera name. Estera Chief Executive Farah
Ballands said the company was thrilled to boost its presence in
"This is a great start to the new year following the
success of our rebrand in 2016. The team at Morgan Sharpe is a
perfect fit with the Estera group. They are committed to the high
standards of service that our clients are accustomed to and we are
pleased to welcome them. Under our ownership, Morgan Sharpe's
clients will benefit from additional resources and access to
Estera's expertise on a global basis.
"Estera is committed to enhancing its position as a leading
player in existing and new jurisdictions. With this announcement,
we are able to offer clients greater breadth of capabilities in
private equity fund administration whilst strengthening
Estera's position in an important market."
Serena Tremlett and Mel Torode, founders of Morgan Sharpe, said:
"Partnering with a leading global player in fund
administration and fiduciary services in an increasingly complex
and international market was the next logical step for Morgan
Sharpe. We have received many approaches from potential buyers in
recent years, a great validation of our business model. Estera is
the ideal partner for us given its global reach, excellent
reputation, professionalism and commitment to both employees and
clients. We are excited about the new opportunities for our clients
and our team that will arise from this partnership."
Ethan Levner, Estera Group Head of Corporate Development, added:
"This acquisition represents our intention to be an active
acquirer globally. Morgan Sharpe is an outstanding firm, and we are
delighted that the transaction will bring greater depth to
Estera's service offering."
The acquisition of the 18-strong Morgan Sharpe team boosts
Estera's headcount to 370.
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