According to a statement released today, the deal, which was agreed over the weekend, will see Electra Partners invest £83m of equity in the £180m transaction. Completion of the deal is subject to regulatory approvals.
Ogier said the deal will also result in “significant” additional funding for Ogier Fiduciary Services.
The two businesses – Ogier Fiduciary Services and Ogier Legal – will continue a close relationship, initially sharing offices and facilities, and the Ogier Fiduciary Services continuing to use the Ogier brand short term.
Ogier Legal will continue to provide its high-level legal services from its global offices, led by Nick Kershaw as before.
