Bachmann renamed Ardel after MBO
Bachmann is to be renamed Ardel Holdings following a management buy out (MBO) of the Guernsey-based trust and funds business.
Around 40 members of the company’s senior management team became shareholders in the firm as part of the MBO which sees Bachmann adopt its new name with immediate effect.
Ardel chief executive Gerry Williams said while the change in identity was essential to take the company forward, “continuity, and the ongoing provision of excellent client service were paramount."
“The new brand is the next logical step in the MBO process,” said Williams. “With so many of our employees now invested in the company it is natural that our identity should evolve to match our new ownership.
“This company has been built on our solid reputation for independence and expertise, which enables us to be flexible and innovative in providing solutions for our clients. We are confident this will continue as we take Ardel forward, and will set the foundation for our ‘buy and build’ strategy, which will see us pursue opportunities for expansion, both in Guernsey and in other jurisdictions.”
The Ardel group of companies has around 100 employees in Guernsey, and also has offices in the UK, Geneva and New Zealand.