The Labatt affiliate remains unknown but ARC has worked for a number of years with Arthur Labatt, who co-founded Trimark, the Canadian mutual fund company.
The deal, which is subject to regulatory and other approvals, will see ARC become a subsidiary of the purchaser, with senior ARC employees retaining a significant equity interest.
ARC said the transaction would enable it to expand activities in Europe and also establish operations in the Caribbean and North America.
ARC was founded in 1995 and employs about 50 staff across Guernsey and Jersey in investment research and investment consulting activities.
Graham Harrison, co-founder and managing director of ARC, said the deal represented an exciting development for his company, “providing a secure capital base to underpin our ambitious expansion plans without compromising our independence, which we know is essential for our clients”.
Arthur Labatt, who won the Morningstar Canadian Investment Awards 2012 Career Achievement Award, said he had personally witnessed the quality of the ARC investment consulting over the last 10 years: “I am absolutely delighted to be able to help ARC expand its services into the North American market. Wealthy families on both sides of the Atlantic desperately need the independent advice and practical guidance on their investment affairs that ARC consistently delivers.”
Harrison said with the ARC Private Client Indices having celebrated their 10th anniversary in December 2013 and with the expansion of the ARC Charity Indices, ARC was in a strong position to expand its investment reporting and consulting capabilities to meet growing demand from trustees, private clients and their advisers.
