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Ogier Fiduciary Service partners finalise MBO

19 Jun 14

The management buy-out by the partners of Ogier Fiduciary Services from the Ogier group has been completed.

The management buy-out by the partners of Ogier Fiduciary Services from the Ogier group has been completed.

The buy-out, first announced in February, was backed by Electra partners, who invested £82m of equity on behalf of their major client Electra Private Equity, alongside a significant investment by the Ogier Fiduciary Services’ management team.

The two companies have become separate businesses but will continue a close relationship, sharing premises and facilities.

Ogier Fiduciary Services continues to be led by chief executive Paul Willing and there will be no change to the current client service and relationship teams.

Willing said: “The significant investment made available to us as a result of Electra Partners’ backing will help us achieve our growth plans.

“We will invest in our key systems and infrastructure to underpin our high levels of client service and will take advantage of market opportunities as they arise.”
 

Tags: Ogier

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.